Recap: WD-40 Q1 Earnings - WD-40 (NASDAQ:WDFC)

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.

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.

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).

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.