Flexsteel Industries (FLXS) reported quarterly earnings of $1.31 per share, exceeding the expected $0.78 per share. This marks a significant increase from the previous year’s $0.74 per share. The company has surpassed earnings estimates for the last four quarters, with revenues of $110.44 million, beating expectations by 4.80%.

Despite a 29.2% decline in Flexsteel’s stock this year, the future outlook depends on management’s guidance. The company’s earnings surprise of +67.95% and consistent revenue performance are key indicators. Investors are advised to monitor earnings estimates and industry trends for potential market impact.

La-Z-Boy (LZB), a competitor in the furniture industry, is expected to report quarterly earnings of $0.52 per share, reflecting a -26.8% change year-over-year. Revenues are forecasted at $517.2 million, a slight decrease from the previous year. Investors are encouraged to stay informed on industry developments and earnings forecasts for both companies.

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Read more at Nasdaq: Flexsteel Industries (FLXS) Tops Q1 Earnings and Revenue Estimates