Shares of Interface Inc. (TILE), a leading manufacturer of modular carpet and flooring products, surged over 5% in the last 24 hours, extending its impressive rally witnessed in recent months. The stock hit a fresh 52-week high of $23.85 in the previous session, driven by strong earnings performance and an optimistic growth outlook.

Interface has been a standout performer this year, with its stock gaining an impressive 86.2% year-to-date, significantly outpacing the broader Consumer Discretionary sector and the Textile - Home Furnishing industry. The company's robust financial results and favorable valuation metrics have fueled investor confidence, contributing to the stock's remarkable run.

The company's latest quarterly results, reported on November 1, 2024, exceeded analyst expectations, with earnings per share (EPS) of $0.48 surpassing the consensus estimate of $0.33. This marked the fourth consecutive quarter that Interface has delivered a positive earnings surprise, reflecting the company's consistent operational performance and effective cost management strategies.