Surging Earnings Estimates Signal Upside for Flexsteel (FLXS) Stock

Core Viewpoint - Flexsteel Industries (FLXS) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price [1][2]. Earnings Estimate Revisions - Current quarter earnings are expected to be $0.88 per share, reflecting a +31.34% change from the previous year [4]. - The Zacks Consensus Estimate for the current quarter has increased by 8.64% due to one upward revision and no negative revisions in the last 30 days [4]. - For the full year, the earnings estimate is$ 3.53 per share, indicating a +67.3% change from the previous year [5]. - The consensus estimate for the full year has risen by 8.62%, supported by one upward revision and no negative revisions [5]. Zacks Rank and Performance - Flexsteel has achieved a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on earnings estimate revisions [6]. - Historically, Zacks 1 Ranked stocks have generated an average annual return of +25% since 2008 [3][6]. - Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [6]. Stock Performance - Flexsteel shares have increased by 22.5% over the past four weeks, reflecting investor confidence in its earnings growth prospects [7].