Earnings Outlook For Flexsteel Industries
Portfolio Pulse from Benzinga Insights
Flexsteel Industries (NASDAQ:FLXS) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.24. The company's past performance shows a pattern of beating EPS estimates, but this has sometimes been followed by a drop in share price. The company's shares were trading at $19.75 as of October 27, and have seen a 31.99% increase over the last 52-week period.
October 30, 2023 | 9:01 pm
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Flexsteel Industries is expected to report an EPS of $0.24 in its upcoming earnings release. The company's stock price has historically reacted negatively to earnings beats.
While Flexsteel Industries has a history of beating EPS estimates, this has sometimes been followed by a drop in share price. This suggests that investors may be more focused on the company's guidance than its earnings performance. Given the 31.99% increase in the company's share price over the last 52 weeks, long-term shareholders are likely to remain bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100