WD-40 Earnings: Here’s Why Investors Like These Results
WD-40 Company (NASDAQ:WDFC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
WD-40 Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.79% to $0.66 in the quarter versus EPS of $0.57 in the year-earlier quarter.
Revenue: Rose 6.99% to $93.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: WD-40 Company reported adjusted EPS income of $0.66 per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $89.45 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 7.37% from $86.71 million in the previous quarter. EPS decreased 0% from $0.66 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.51 and has not changed. For the current year, the average estimate is a profit of $2.39, which is the same with that ninety days ago.