NEW YORK (TheStreet) -- Shares of 1-800-Flowers.com(FLWS) - Get Report are soaring, up 10.77% to $8.74 in afternoon trading on Monday, after the flower and gift retailer reported its fiscal second-quarter earnings results this morning.
The company posted adjusted earnings of 83 cents a share, topping the 80 cents analysts expected.
For the second quarter, the flower company posted revenue of $534.3 million, missing the consensus estimate of $538.63 million.
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1-800-Flowers.com now expects full-year earnings in the range of 45 cents a share to 50 cents a share on revenue of $1.1 billion.
Analysts are expecting full-year earnings of 47 cents per share, on revenue of $1.15 billion.
Westbury, NY-based 1-800-Flowers.com is a florist and gift shop that delivers fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons, and plush stuffed animals.
Separately, TheStreet Ratings team rates 1-800-FLOWERS.COM as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate 1-800-FLOWERS.COM (FLWS) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
- You can view the full analysis from the report here: FLWS Ratings Report