Looking for a Growth Stock? 3 Reasons Why Flexsteel (FLXS) is a Solid Choice

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]