Flexsteel Industries Inc (NASDAQ: FLXS) has reported earnings for its third fiscal quarter (ending March 31) of $0.35 versus $0.28 for the same period a year ago — an increase of 25%. Relative to the consensus estimate of $0.80, this was a shortfall of $-0.45. E.P.S. were $3.05 for the latest four quarters through March 31 versus $0.83 for the same period a year ago — an increase of 267%.
Recent Price Action
On 4/29/24, Flexsteel Industries Inc (NASDAQ: FLXS) stock enjoyed a large increase of 3.8%, closing at $39.03. However, this advance was accompanied by below average trading volume at 80% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FLXS is expected to be a modest Value Builder.
Flexsteel Industries has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Flexsteel Industries has a neutral Appreciation Score of 54 but a very high Power Rating of 98, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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