April's disappointing earnings report is now water under the bridge for Wall Street -- but that's bad news for investors looking to pick up shares of the lubricant specialist today.
News & Analysis: WD-40
The penetrating-oil manufacturer dispelled fears over its trajectory with a good set of earnings.
The commercial-lubricant specialist resumes a comfortable revenue trend.
Stocks climbed on hopes of an interest rate cut. Meanwhile, Levi Strauss reported disappointing profit, and WD-40 announced strong sales.
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WDFC earnings call for the period ending July 9, 2019.
The lubricant maker's CEO discussed a second-quarter sales headwind, a briskly expanding market, and the power of incremental innovation during the company's recent earnings call.
WDFC earnings call for the period ending February 28, 2019.
The company has delivered a long run of strong earnings performances by keeping it simple for 65 years.
5% earnings growth isn't going to satisfy Wall Steet when it has given WD-40 such a premium valuation.