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1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.
Following the upgrade, the most recent consensus for 1-800-FLOWERS.COM from its six analysts is for revenues of US$2.0b in 2021 which, if met, would be a reasonable 7.5% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$1.8b in 2021. It looks like there's been a clear increase in optimism around 1-800-FLOWERS.COM, given the solid increase in revenue forecasts.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We can infer from the latest estimates that forecasts expect a continuation of 1-800-FLOWERS.COM'shistorical trends, as next year's 7.5% revenue growth is roughly in line with 6.5% annual revenue growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 17% per year. So although 1-800-FLOWERS.COM is expected to maintain its revenue growth rate, it's forecast to grow slower than the wider industry.
The Bottom Line
The highlight for us was that analysts increased their revenue forecasts for 1-800-FLOWERS.COM this year. They're also anticipating slower revenue growth than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at 1-800-FLOWERS.COM.
Need some more information? We have analyst estimates for 1-800-FLOWERS.COM going out to 2023, and you can see them free on our platform here.
Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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