Flexsteel Industries, Inc. (FLXS) is slated to report its first-quarter fiscal 2025 results on Oct. 21, after market close. In the last reported quarter, the company's earnings topped the Zacks Consensus Estimate by 11.9% and increased 108.3% year over year. Net sales topped the consensus mark by 1.2% and increased 4.7% from the prior-year quarter's level. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. FLXS' bottom line topped the consensus mark in two of the trailing four quarter ...

Flexsteel CIO: "3D Cloud has a unique mix of leading technology, straightforward pricing, and a holistic solution that addresses the critical challenges in 3D product visualization for furniture manufacturers." DUBUQUE, Iowa, Sept. 16, 2024 /PRNewswire/ -- Flexsteel Industries, Inc. (NASDAQ:FLXS), one of the oldest and largest manufacturers, importers, and marketers of residential upholstered and wooden furniture products in the United States, today announced its partnership with 3D Cloud™, the leading prov ...

Core Insights - Flexsteel Industries (FLXS) reported quarterly earnings of $0.75 per share, exceeding the Zacks Consensus Estimate of $0.67 per share, and showing significant growth from $0.36 per share a year ago, resulting in an earnings surprise of 11.94% [1] - The company achieved revenues of $110.82 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.19% and increasing from $105.82 million year-over-year [2] - Flexsteel shares have increased approximately 93.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 16.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $96.68 million, while the estimate for the current fiscal year is $2.87 on revenues of $419.99 million [7] - The estimate revisions trend for Flexsteel is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Furniture industry, to which Flexsteel belongs, is currently ranked in the top 19% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% of industries [8] - Another company in the same industry, Hooker Furniture (HOFT), is expected to report a quarterly loss of $0.05 per share, reflecting a year-over-year change of -171.4% [9]

Core Viewpoint - Flexsteel Industries, Inc. (FLXS) is expected to report its fourth-quarter fiscal 2024 results on August 19, with positive earnings and sales growth anticipated based on previous performance and market conditions [1][2][3]. Group 1: Earnings and Sales Performance - In the last reported quarter, FLXS's earnings exceeded the Zacks Consensus Estimate by 19.6% and increased by 139.3% year over year [1]. - The earnings estimate for the upcoming fourth quarter remains stable at 70 cents, indicating a 94.4% rise from the previous year's earnings of 36 cents per share [2]. - The consensus estimate for net sales is projected at $110.04 million, reflecting a year-over-year growth of 4% [2]. Group 2: Contributing Factors - FLXS's anticipated increase in net sales and earnings is supported by favorable year-over-year comparisons, market share gains, expanded sales channels, and new product introductions [3]. - The company has launched new product lines, including Charisma and homestyles, which cater to different market segments, enhancing its product offerings [4]. Group 3: Pricing Strategies and Market Conditions - FLXS implemented freight surcharges in June due to rising ocean freight costs, which may positively impact its bottom line [5]. - However, ongoing macroeconomic uncertainties, such as elevated interest rates and inflation, pose challenges for the company [5]. Group 4: Earnings Prediction Model - The current earnings prediction model does not indicate a strong likelihood of an earnings beat for FLXS, as it has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell) [6][7].

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metric ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Flexsteel Industries (FLXS) is highlighted as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 47.3%, with projected EPS growth of 140.2% this year, significantly outperforming the industry average of 12.5% [5] Group 2: Financial Metrics - Flexsteel's asset utilization ratio is 1.45, indicating that the company generates $1.45 in sales for every dollar in assets, surpassing the industry average of 1.22 [6] - The company's sales are expected to grow by 4.6% this year, while the industry average is stagnant at 0% [7] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Flexsteel, with the Zacks Consensus Estimate for the current year increasing by 7.2% over the past month [9] - Flexsteel's strong metrics and positive earnings estimate revisions contribute to its Growth Score of A and a Zacks Rank of 2 [10]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuat ...

Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 0-5151 ______________________________________ FLEXSTEEL INDUSTRIES, INC. (Exact Name of Registrant as Specified in Its Charter) Incorporated in the State of Minnesota 42-0442319 (State or other Jurisdiction of (I.R.S. Identification No.) Incorporation or Organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ______________ ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), whic ...

Flexsteel Industries (FLXS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investor ...