Earnings Estimates Rising for Flexsteel (FLXS): Will It Gain?

Core Viewpoint - Flexsteel Industries (FLXS) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][10]. Earnings Estimate Revisions - The current quarter's earnings estimate is $0.80 per share, reflecting a decrease of 29.2% compared to the previous year. However, there has been a 15.94% increase in the Zacks Consensus Estimate over the last 30 days, with one estimate moving higher and no negative revisions [7]. - For the full year, the earnings estimate stands at $4.09 per share, which is a decline of 1.9% from the year-ago figure. Similar to the current quarter, there has been one upward revision and no negative changes in estimates, indicating a positive trend [8]. Analyst Optimism and Stock Performance - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding Flexsteel's earnings prospects, which is expected to positively influence the stock price [2]. - Flexsteel currently holds a Zacks Rank 2 (Buy), suggesting that it is well-positioned for potential outperformance compared to the S&P 500, supported by the historical performance of stocks with high Zacks rankings [9]. Recent Stock Movement - Flexsteel's stock has appreciated by 13% over the past four weeks, driven by favorable estimate revisions and positive earnings growth prospects, making it a candidate for portfolio consideration [10].