Stock Track | XPEL Stock Soars 5% After Mixed Q3 Earnings Report

Stock Track

2024-11-07

Shares of XPEL, Inc. (NASDAQ: XPEL), a leading provider of automotive paint protection films and other related products, soared by 5.02% on November 7, 2024, following the release of its third-quarter 2024 earnings report.

For the quarter ended September 30, 2024, XPEL reported earnings per share (EPS) of $0.54, meeting the consensus analyst estimate. However, the company's revenue came in slightly below expectations at $112.9 million, missing the analyst consensus estimate of $113.066 million by 0.15%. Despite the slight revenue miss, XPEL's Q3 sales grew by 9.96% compared to the same period in 2023.

The company also reported Q3 2024 EBITDA of $21.7 million and a gross margin of 42.5%. Looking ahead, XPEL provided revenue guidance for the fourth quarter of 2024, expecting revenue in the range of $105 million to $107 million.

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(NASDAQ: XPEL), a leading provider of automotive paint protection films and other related products, soared by 5.02% on November 7, 2024, following the release of its third-quarter 2024 earnings report.</p>\n\n<p>For the quarter ended September 30, 2024, XPEL reported earnings per share (EPS) of $0.54, meeting the consensus analyst estimate. However, the company's revenue came in slightly below expectations at $112.9 million, missing the analyst consensus estimate of $113.066 million by 0.15%. Despite the slight revenue miss, XPEL's Q3 sales grew by 9.96% compared to the same period in 2023.</p>\n\n<p>The company also reported Q3 2024 EBITDA of $21.7 million and a gross margin of 42.5%. 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