Streetbeat News

FLXS

Flexsteel Industries, Inc.

https://www.flexsteel.com

Industry

Furnishings, Fixtures & Appliances

Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. It offers upholstered furniture, such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. The company distributes its products through e-commerce channels and dealer network. Flexsteel Industries, Inc. was founded in 1893 and is based in Dubuque, Iowa.

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Earnings reports for February 5, 2024, include a mix of expected profits and losses across various sectors. Notable companies like McDonald's, Tyson Foods, and Caterpillar are among those reporting, with a range of earnings per share and revenue projections.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 10:20 am

Flexsteel Industries (NASDAQ:FLXS) is scheduled to release its quarterly earnings report on February 5, 2024, with analysts estimating an EPS of $0.56. The company's past earnings performance shows mixed results, with both misses and beats in previous quarters. Shares of Flexsteel Industries have seen a 45.13% increase over the last 52 weeks, trading at $28.09 as of February 1. Investors are looking forward to the company's guidance for the next quarter, which could significantly impact the stock price.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:01 pm

Three consumer discretionary stocks, QuantaSing Group Limited (QSG), Flexsteel Industries, Inc. (FLXS), and InterContinental Hotels Group PLC (IHG), are considered overbought based on their Relative Strength Index (RSI) values, which may signal a potential short-term decline. QSG's RSI is 71.93, FLXS's is 77.59, and IHG's is 70.13, with RSI values above 70 typically indicating overbought conditions.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 1:12 pm

Flexsteel Industries (NYSE:FLXS) has seen a 22.22% decrease in short interest, with 12 thousand shares sold short, representing 0.28% of available shares. The short interest decline suggests a more bullish sentiment among investors compared to the peer group average of 6.79% short interest as a percentage of float. The trading volume indicates it would take about 1 day to cover all short positions.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 4:00 pm

Four consumer discretionary stocks are showing signs of being overbought according to their RSI values, which may concern momentum-focused investors. Flexsteel Industries (FLXS) reported strong Q2 preliminary results, with its stock rising 25% over five days. Educational Development Corporation (EDUC) posted better-than-expected quarterly earnings, with a 45% stock increase over the past month. Barnes & Noble Education (BNED) was downgraded by a Needham analyst from Buy to Hold, and Vince Holding Corp. (VNCE) reported a Q3 profit, with its stock surging 215% over the past month.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 12:47 pm

In Monday's intraday session, several consumer discretionary stocks experienced significant movements. SRIVARU Holding (SVMH) saw a 43.2% increase, while Genius Gr (GNS) dropped by 51.3%. Other notable gainers include Flexsteel Industries (FLXS), 17 Education & Technology (YQ), Educational Development (EDUC), QuantaSing Group (QSG), and Barnes & Noble Education (BNED). On the losing side, MGO Global (MGOL), E-Home Household Service (EJH), Uxin (UXIN), Cazoo Gr (CZOO), and Regis (RGS) saw declines ranging from 12.16% to 17.51%. Educational Development's rise follows its Q3 earnings report released two days ago.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 5:31 pm

In Monday's pre-market session, several consumer discretionary stocks showed significant movement. Snap One Holdings (SNPO) saw a substantial increase of 39.2%, while Volcon (VLCN) rose by 37.27%. Flexsteel Industries (FLXS) also gained 18.42%. On the downside, Genius Gr (GNS) experienced a sharp decline of 47.1%, and E-Home Household Service (EJH) fell by 18.09%. Other notable movements included gains for MGO Global (MGOL), Sonder Holdings (SOND), and Barnes & Noble Education (BNED), and losses for BT Brands (BTBD), Tarena International (TCTM), Vision Marine (VMAR), and 1stdibs.com (DIBS).

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 1:05 pm

In Friday's after-market session, several consumer discretionary stocks experienced movement. Kandi Technologies (KNDI), Visionary Education Tech (GV), Purple Innovation (PRPL), ContextLogic (WISH), Connexa Sports Techs (CNXA), and Golden Heaven Group Hldgs (GDHG) saw gains, while Flexsteel Industries (FLXS), Nova Lifestyle (NVFY), Barnes & Noble Education (BNED), Bowlero (BOWL), Jeffs Brands (JFBR), and SRIVARU Holding (SVMH) experienced losses.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 9:31 pm

U.S. stocks showed mixed performance with the S&P 500 and NASDAQ Composite rising, while the Dow fell. Energy shares gained 1% with crude oil prices increasing by 1.2%. Delta Air Lines (DAL) shares dropped over 8% after Q4 results, despite beating revenue and EPS estimates, due to conservative EPS guidance for the current year. Applied UV (AUVI), Flexsteel Industries (FLXS), and Wipro Limited (WIT) saw their shares surge after positive announcements. Genius Group (GNS) shares plummeted 47% following an $8.25 million public offering announcement. VCI Global (VCIG) and Momentus (MNTS) also saw significant declines after announcing their respective public offerings and funding issues.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 7:27 pm

Wipro Limited (NYSE:WIT) shares surged over 16% after reporting Q3 results, guidance, and an interim dividend. Other stocks showed significant movement in Friday's mid-day session, with various gainers such as Charge Enterprises, Inc. (NASDAQ:CRGE) and losers like Genius Group Limited (NYSE:GNS). Notable movements included Flexsteel Industries, Inc. (NASDAQ:FLXS) rising after strong Q2 preliminary results and Delta Air Lines, Inc. (NYSE:DAL) falling post Q4 financial results and 2024 guidance.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 6:28 pm

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