3 Items to Watch When WD-40 Reports First-Quarter Earnings
Industrial lubrication and chemicals manufacturer WD-40 (NASDAQ: WDFC) plans to release results from its fiscal first quarter of 2020 to investors on Jan. 8 after the markets wrap for trading. The small-cap multinational booked a disappointing 2019 from a share price perspective, as its 6% appreciation underperformed the Russell 2000 index (of which it is a component). The Russell 2000 chalked up appreciation of nearly 24% last year. Below, let's walk through three items investors should focus on in next week's filing to grasp WD-40's potential to catch up to peers in 2020.
WD-40 recorded top-line year-over-year expansion of just 4% in fiscal 2019. This growth exemplifies the predictability of the company's revenue due to the enduring popularity of its namesake WD-40 Multi-Use household lubricant. Steady sales of WD-40 Multi-Use seem to ensure a base of low-single-digit growth for the company year after year. But 4% expansion also underscores investors' desire for a bit faster pace of revenue improvement.
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Source Fool.com
