Flexsteel IndustriesNASDAQ: FLXS

Flexsteel has now demonstrated the company's successful turnaround efforts as sales and margins continue to expand. FLXS is closing its Georgia plant to improve operations, creating an opportunity for one-off sale proceeds and cost savings of $4.0-4.5 million. The furnishings industry has persisted extremely challenging for most companies, but FLXS sees no impact as revenues continue to grow against the tough market.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Flexsteel (FLXS) has strong growth characteristics that may enable it to outperform the market significantly.

This is how Flexsteel Industries (FLXS) and Gildan Activewear (GIL) have fared in comparison to their industry in the current year.

Flexsteel (FLXS) has the potential to generate impressive returns due to its strong growth characteristics.

Flexsteel (FLXS) has been upgraded to a Zacks Rank #2 (Buy), indicating increasing confidence in the company's potential for earnings growth. This could lead to a rise in the stock price in the short run.

Flexsteel Industries (FLXS) reported earnings of $0.67 per share for the quarter, surpassing the Zacks Consensus Estimate of $0.56 per share. This is an improvement from earnings of $0.28 per share in the same quarter last year.

Flexsteel (FLXS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Here is how Flexsteel Industries (FLXS) and Liberty Media Corporation - Liberty Formula One Series A (FWONA) have performed compared to their sector so far this year.