E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) will be reporting earnings tomorrow before the bell. Here’s what to look for.

1-800-FLOWERS missed analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $379.4 million, down 9.1% year on year. It was a weak quarter for the company, with a miss of analysts’ revenue and earnings estimates.

Is 1-800-FLOWERS a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting 1-800-FLOWERS’s revenue to decline 6.1% year on year to $374.4 million, improving from the 17.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.27 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. 1-800-FLOWERS has missed Wall Street’s revenue estimates five times over the last two years.

Looking at 1-800-FLOWERS’s peers in the specialized consumer services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. H&R Block delivered year-on-year revenue growth of 3%, beating analysts’ expectations by 3.4%, and Carriage Services reported revenues up 4.8%, topping estimates by 7.7%. H&R Block traded up 12.1% following the results while Carriage Services’s stock price was unchanged.

Read our full analysis of H&R Block’s results here and Carriage Services’s results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But 2024 has seen more volatile stock performance thanks to mixed inflation data, and while some of the specialized consumer services stocks have fared somewhat better, they have not been spared, with share prices down 2.2% on average over the last month. 1-800-FLOWERS is down 9.9% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $9.14).

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