XPEL Q3 EPS $0.49 Misses $0.62 Estimate, Sales $102.68M Miss $104.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
XPEL reported Q3 earnings of $0.49 per share, missing the analyst consensus estimate of $0.62 by 20.97%. The company also reported quarterly sales of $102.68 million, missing the analyst consensus estimate of $104.70 million by 1.93%. However, this represents a 2.08% increase in earnings and a 14.39% increase in sales compared to the same period last year.
November 08, 2023 | 1:02 pm
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NEGATIVE IMPACT
XPEL's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the year-over-year growth in earnings and sales may mitigate this impact.
Missing analyst estimates for both earnings and sales is typically seen as a negative signal by the market, which could lead to a decrease in the stock price. However, the fact that XPEL's earnings and sales have grown compared to the same period last year may be seen as a positive signal, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100