Recap: WD-40 Q1 Earnings

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WD-40 WDFC reported its Q1 earnings results on Tuesday, January 9, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

WD-40 beat estimated earnings by 21.9%, reporting an EPS of $1.28 versus an estimate of $1.05.

Revenue was up $15.52 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 0.39% drop in the share price the next day.

Here's a look at WD-40's past performance:

Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate 1.21 1.22 1.01 1.09
EPS Actual 1.21 1.38 1.21 1.02
Revenue Estimate 138.21M 138.41M 125.85M 140.73M
Revenue Actual 140.45M 141.72M 130.19M 124.89M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

WD-40 management provided guidance for FY 2024, expecting earnings between $4.78 and $5.15 per share.

To track all earnings releases for WD-40 visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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