LCI (LCII) Beats Q3 Earnings and Revenue Estimates

Group 1 - LCI reported quarterly earnings of $1.39 per share, exceeding the Zacks Consensus Estimate of $1.31 per share, and up from $1.02 per share a year ago, representing an earnings surprise of 6.11% [1] - The company achieved revenues of $915.5 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.15%, although this is a decrease from $959.32 million in the same quarter last year [2] - LCI has consistently surpassed consensus EPS estimates over the last four quarters, indicating a strong performance trend [2] Group 2 - The stock has underperformed the market, losing about 4.7% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.83 on revenues of $878.15 million, and for the current fiscal year, it is $5.97 on revenues of $3.81 billion [7] Group 3 - The Zacks Industry Rank places the Automotive - Original Equipment sector in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for LCI is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]