WD-40 (Nasdaq: WDFC ) reported earnings on Jan. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Nov. 30 (Q1), WD-40 beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins grew across the board.
WD-40 booked revenue of $95.3 million. The two analysts polled by S&P Capital IQ predicted revenue of $88.2 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $84.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.69. The two earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. GAAP EPS of $0.69 for Q1 were 64% higher than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 50.1%, 140 basis points better than the prior-year quarter. Operating margin was 16.7%, 460 basis points better than the prior-year quarter. Net margin was 11.5%, 350 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $88.8 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $361.1 million. The average EPS estimate is $2.39.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 166 members out of 182 rating the stock outperform, and 16 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give WD-40 a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on WD-40 is hold, with an average price target of $44.33.
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