Household products company WD-40 (NASDAQ: WDFC) will be announcing earnings results this Thursday after the bell. Here’s what to expect.
WD-40 beat analysts’ revenue expectations by 6.2% last quarter, reporting revenues of $163.5 million, up 4.8% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ revenue estimates but a significant miss of analysts’ EBITDA estimates.
Is WD-40 a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting WD-40’s revenue to grow 1% year on year to $155.1 million, slowing from the 9.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.45 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. WD-40 has missed Wall Street’s revenue estimates three times over the last two years.
Looking at WD-40’s peers in the consumer staples segment, some have already reported their Q4 results, giving us a hint as to what we can expect. General Mills’s revenues decreased 7.2% year on year, beating analysts’ expectations by 1.9%, and Conagra reported a revenue decline of 6.8%, in line with consensus estimates. General Mills traded up 3.6% following the results while Conagra was down 3%.
Read our full analysis of General Mills’s results here and Conagra’s results here.
Investors in the consumer staples segment have had steady hands going into earnings, with share prices flat over the last month. WD-40 is up 6.6% during the same time and is heading into earnings with an average analyst price target of $264.50 (compared to the current share price of $198.84).
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