Flexsteel Industries Receives Strong-Buy Rating from StockNews.com Researchers, Showing Promising Growth Prospects

In a recent report released on July 9, 2023, equities researchers at StockNews.com have taken a deep dive into Flexsteel Industries (NASDAQ:FLXS) and initiated coverage on the company’s shares. The researchers have assigned a coveted “strong-buy” rating to the stock, reflecting their bullish stance on its future prospects.

Flexsteel Industries, a leading manufacturer of upholstered and wooden furniture, last announced its earnings results on May 1st of this year. The company surpassed analysts’ expectations by reporting earnings per share (EPS) of $0.28 for the quarter, exceeding the consensus estimate of $0.22 by an impressive margin of $0.06. Furthermore, Flexsteel Industries generated revenue of $99.05 million during the same period, outperforming analysts’ projections of $97.72 million.

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