XPEL (NASDAQ:XPEL) Issues Earnings Results

XPEL (NASDAQ:XPEL) posted its quarterly earnings data on Thursday. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01, Briefing.com reports. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm had revenue of $112.85 million for the quarter, compared to the consensus estimate of $114.59 million. During the same period in the prior year, the firm posted $0.56 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. XPEL updated its Q4 2024 guidance to EPS.

XPEL Stock Performance

XPEL stock opened at $44.34 on Friday. The firm’s 50-day moving average is $42.18 and its 200-day moving average is $39.94. XPEL has a 1 year low of $30.75 and a 1 year high of $60.49. The company has a market cap of $1.23 billion, a P/E ratio of 25.34 and a beta of 1.85.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. B. Riley upgraded shares of XPEL from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $58.00 in a research note on Friday, August 9th. Craig Hallum upgraded shares of XPEL from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th.

About XPEL

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.