Flexsteel Industries: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Flexsteel Industries (NASDAQ:FLXS) reported Q2 earnings with an EPS of $0.57, beating estimates by 1.79% and showing a revenue increase of $6.97 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 4.56% the following day. The company has shown varied performance in past quarters, with both misses and beats on EPS and revenue estimates.
February 05, 2024 | 9:15 pm
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Flexsteel Industries reported a positive Q2 earnings surprise with an EPS of $0.57, surpassing estimates and showing revenue growth from the previous year.
Flexsteel Industries' positive earnings report, beating EPS estimates and showing revenue growth, is likely to instill confidence in investors. Historically, the company's stock price increased following an earnings beat last quarter, suggesting a potential short-term positive impact on FLXS's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100