1-800-Flowers.com "market perform," estimates revised

08/31/05 - JMP Securities

NEW YORK, August 31 (newratings.com) - Analysts at JMP Securities reiterate their "market perform" rating on 1-800-Flowers.com Inc (FLWS), while revising their estimates for the company.

In a research note published yesterday, the analysts mention that the company is poised to witness continued margin expansion in the near future due to its business model, which can be highly leveraged and has minimum capital requirements. The analysts expect 1-800-Flowers.com’s future results to be adversely affected by seasonality, a slowdown in the economy, a possible increase in competition, inefficient marketing initiatives and the absence of consumer demand for new products. The EPS estimate for F1Q06 has been reduced from -$0.02 to -$0.10. The EPS estimates for F2Q06 and F3Q06 have been raised from $0.16 to $0.20 and from -$0.02 to $0.00, respectively.