Summary:
- 1-800-Flowers.com stock plummets over 30% after releasing weak Q1 results.
- CEO transition as Adolfo Villagomez steps in amidst company challenges.
- Analysts predict a potential rebound with an average price target suggesting significant upside.
Shares of 1-800-Flowers.com (FLWS, Financial) have taken a dramatic dive of over 30% in premarket trading, hitting their lowest point in a decade. This sharp decline comes in the wake of disappointing first-quarter financial results, which include a 12.6% drop in revenue and a larger-than-anticipated loss per share. Amidst these challenging times, CEO Jim McCann has announced his resignation, paving the way for former Home Depot executive Adolfo Villagomez to take the reins.
Wall Street Analysts' Forecasts
Despite recent setbacks, analysts remain cautiously optimistic about the future of 1-800-Flowers.com. Based on one-year price targets provided by two analysts, the stock's average price target is projected at $10.50, with estimates ranging from a high of $12.00 to a low of $9.00. This represents a potential upside of 81.35% from its current price of $5.79. Investors seeking more detailed forecast data can visit the 1-800-Flowers.com Inc (FLWS, Financial) Forecast page.
The consensus recommendation, sourced from one brokerage firm, stands at an "Outperform" status with an average brokerage recommendation score of 2.0 on a scale where 1 equates to a Strong Buy and 5 suggests a Sell. This indicates that analysts are expecting the company to perform better than the market average in the coming months.
GuruFocus Insights
According to GuruFocus estimates, the forecasted GF Value for 1-800-Flowers.com Inc (FLWS, Financial) in the next year is calculated to be $8.30, suggesting a promising upside of 43.35% from its current valuation of $5.79. The GF Value is a proprietary metric reflecting what GuruFocus believes the stock should be worth, determined by its historical trading multiples, past business growth, and future performance projections. For a more in-depth analysis, visit the 1-800-Flowers.com Inc (FLWS) Summary page.
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