Flexsteel Industries (FLXS) Tops Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Flexsteel Industries reported quarterly earnings of $1.13 per share, exceeding the Zacks Consensus Estimate of $0.88 per share, and up from $0.67 per share a year ago, representing an earnings surprise of 28.41% [1] - The company posted revenues of $113.97 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.82% and increasing from $107.22 million year-over-year [2] Group 2: Stock Performance and Outlook - Flexsteel shares have declined approximately 39.8% since the beginning of the year, compared to a decline of 10.2% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.83 on revenues of $111.93 million, and for the current fiscal year, it is $3.40 on revenues of $436.3 million [7] Group 3: Industry Context - The Furniture industry, to which Flexsteel belongs, is currently ranked in the bottom 5% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Flexsteel's stock performance [5]