Forbes Profiles Turnaround at Dixie Group
New York, NY, Sept. 11, 2013 -- Forbes has profiled Chattanooga-based carpet maker Dixie Group and noted that the firm's growth initiatives last year appear to be paying off.
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This was the second consecutive quarter of more than 200% earnings surprise by the company, Forbes noted, after a disappointing financial performance last year.
Forbes said that analysts have been raising their estimates for the current quarter and year, with a consensus average $0.09 per share and $0.38 per share respectively, up from $0.02 per share and $0.19 per share, 60 days ago.
Dixie makes carpet for the high end of both the residential and commercial markets.