XPEL, Inc. (XPEL) Q3 Earnings Surpass Estimates

Core Insights - XPEL, Inc. reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of$0.53 per share, but down from $0.56 per share a year ago, representing an earnings surprise of 1.89$112.85 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.10%, but up from $102.68 million year-over-year [2] - XPEL shares have declined approximately 22.5$0.52 on revenues of $116.92 million, and for the current fiscal year, it is$1.65 on revenues of $424.99 million [7] - The estimate revisions trend for XPEL is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - XPEL operates within the Automotive - Original Equipment industry, which is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of XPEL's stock may be influenced by the overall outlook for the industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]