Flexsteel Industries (FLXS) has seen upward revisions in its earnings estimates, with an expected earnings per share (EPS) of $1.03 for the current quarter, reflecting a year-over-year decline of 26.4%. Over the past month, the Zacks Consensus Estimate for the full year has risen to $4.65, indicating an 11.5% increase from last year’s figures. The stock has appreciated by 10% in the last four weeks.
Analysts’ consensus reflects strong agreement in the upward revisions, leading to Flexsteel earning a Zacks Rank #2 (Buy). This favorable rating is supported by a historical correlation between estimate revisions and stock price movements, with Zacks #1 (Strong Buy) and #2 (Buy) stocks significantly outperforming the S&P 500.
In the last 30 days, there have been positive revisions, with one estimate increased without any declines, pushing the consensus estimate up by 28.75% for the current quarter and 13.69% for the current year.
