WD-40 (NASDAQ:WDFC) Stock

WD-40 CO

WD-40

WD-40 Co manufactures and sells lubricants and cleaning products. The firm's product categories include maintenance and cleaning products. Maintenance products include the WD-40 signature brand aerosol spray lubricant as well as degreasers, rust removers, and bicycle maintenance products. Cleaning products include toilet cleaners, carpet stain removers and deodorizers, and heavy-duty hand soaps used to clean grease. The company organizes itself into three segments based on geography: Americas, Europe/Middle East/Africa, and Asia-Pacific. The majority of the company's revenue comes from the Americas segment, which includes the United States, Canada, and Latin America.

It was revealed in a recent SEC filing that Sara K. Hyzer, VP at WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) made a noteworthy insider purchase on April 15,.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000105132/000010513225000018//Archives/edgar/data/105132/000010513225000018/0000105132-25-000018-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday unveiled that Hyzer made a notable purchase of 256 shares of WD-40, valuing at $57,044.
WD-40 shares are trading down 0.0% at $221.15 at the time of this writing on Wednesday morning.
<h3>Delving into WD-40's Background</h3>
WD-40 Co manufactures and sells lubricants and cleaning products. The firm's product categories include maintenance and cleaning products. Maintenance products include the WD-40 signature brand aerosol spray lubricant as well as degreasers, rust removers, and bicycle maintenance products. Cleaning products include toilet cleaners, carpet stain removers and deodorizers, and heavy-duty hand soaps used to clean grease. The company organizes itself into three segments based on geography: Americas, Europe/Middle East/Africa, and Asia-Pacific. The majority of the company's revenue comes from the Americas segment, which includes the United States, Canada, and Latin America.
<h3>WD-40: A Financial Overview</h3>
Revenue Growth: WD-40's remarkable performance in 3 months is evident. As of 28 February, 2025, the company achieved an impressive revenue growth rate of 5.03%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 54.56%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): WD-40's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 2.2.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.51, WD-40 adopts a prudent financial strategy, indicating a balanced approach to debt management.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 35.27, WD-40's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 4.92 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 28.35, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Unmasking the Significance of Insider Transactions</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000105132">Check Out The Full List Of WD-40's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Insider Trades

Trading Ideas

WDFC

VP At WD-40 Buys $57K of Stock

WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) stock is trading higher on Tuesday after it reported mixed <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44681116/wd-40-company-reports-second-quarter-2025-financial-results" rel="noreferrer noopener">second-quarter 2025 results</a>.
Total sales for the quarter increased by 5% year-over-year to $146.104 million, missing the consensus of $154.41 million. The adjusted EPS stood at $1.32, up 16% year-over-year, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of $1.27</a>.
Total maintenance product sales rose 6% to $139.3 million despite a $4.9 million forex-related sales impact.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/health-care/25/04/44685591/walgreens-boots-alliance-q2-earnings-beats-expectations-suspends-guidance-amid-pending-private-equity-deal-with-sycamore-partners" rel="noreferrer noopener">Walgreens Boots Alliance Q2 Profit Falls 47.5%, Suspends Guidance On Pending Private Equity Deal</a>
Maintenance products drove 95% of the quarterly net sales, up 6% year over year, while homecare and cleaning sales—5% of the total—fell 14% as the company plans to exit that segment.
Gross profit increased by 9.3% YoY to $79.72 million, and the margin expanded by 213 bps to 54.6%.
&#8220;Our core maintenance product sales grew by 6 percent in the second quarter, aligning with our established long-term growth objectives. We&#8217;re particularly pleased with the volume performance in our business, with double-digit volume growth both in the second quarter and year to date, led by EIMEA. Additionally, we continue to expand our gross margin, which improved 220 basis points over the prior year. While we experienced slower growth in our Asia-Pacific segment, we&#8217;ve begun to see recovery in March and expect a strong second half as we advance through fiscal year 2025,&#8221; commented Steve Brass, WD-40 Company&#8217;s president and chief executive officer.
Operating income for the quarter improved by 11.2% YoY to $23.28 million, and the margin expanded by 88 bps to 15.9%.
WDFC&#8217;s net cash from operating activities totaled $22.91 million for the first six months of February, compared to $44.89 million a year ago.&nbsp;&nbsp;
Dividend: On March 18, 2025, WDFC&#8217;s board of directors declared a regular quarterly dividend of $0.94 per share payable on April 30, 2025, to stockholders of record date April 18, 2025.
Repurchase: From September 1, 2024, through the end of the second quarter, the company repurchased 26,250 shares at $6.7 million.
2025 Outlook: WD-40 reiterated guidance for net sales at $600 million-$630 million, 6%-11% growth versus consensus of $627.1 million.
The company raised its EPS guidance to $5.00-$5.30 (from $4.78-$5.15 earlier), compared to the consensus of $5.12.
The company now expects a full-year gross margin between 55–56% (prior 54%-55%), with advertising spending remaining at ~6% of net sales. Operating income is projected at $95–$100 million, reflecting 6–12% growth over 2024 pro forma results.
Price Action: WDFC shares are trading higher by 1.17% at $240.71 at the last check on Tuesday.
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Photo by Benedek Alpar via Shutterstock

Earnings

Guidance

Movers

WD-40 Margins Expand In Q2, Raises 2025 Profit Outlook

Revised Fiscal Year 2025 Guidance
The Company revised the following fiscal year guidance. This guidance is on a pro forma basis, excluding the full fiscal year financial impact of certain of the homecare and cleaning products classified as assets held for sale and the impact of the uncertain tax position benefit.
<ul>
<li>Net sales growth from the pro-forma 2024 results continues to be projected to be between 6 and 11 percent with net sales between $600 million and $630 million after adjusting for estimated translation impacts of foreign currency.</li>
<li>Gross margin for the full year has been increased and is now expected to be between 55 and 56 percent.</li>
<li>Advertising and promotion investments continue to be projected to be around 6 percent of net sales.</li>
<li>Operating income continues to be projected to be between $95 million and $100 million. This range reflects anticipated growth of between 6 to 12 percent compared to 2024 pro forma results.</li>
<li>The provision for income tax has been reduced and is expected to be around 22.5 percent.</li>
<li>Diluted earnings per share have been increased and are now expected to be between $5.25 and $5.55 based on an estimated 13.5 million weighted average shares outstanding. This new range reflects anticipated growth of between 11 to 17 percent compared to 2024 pro forma results.</li>
</ul>

WD-40 Company Reiterates FY25 Guidance For Net Sales At $600M-$630M, 6%-11% Growth Vs $627.1M, Raised Outlook For EPS To $5.25-$5.55 (From $5.20-$5.45) Vs $5.42 Est.

WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.27 by 3.94 percent. The company reported quarterly sales of $146.10 million which missed the analyst consensus estimate of $154.41 million by 5.38 percent. This is a 5.03 percent increase over sales of $139.10 million the same period last year.

Earnings Beats

Earnings Misses

WD-40 Q2 2025 Adj EPS $1.32 Beats $1.27 Estimate, Sales $146.10M Miss $154.41M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Tilray Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) is expected to report quarterly loss at $0.03 per share on revenue of $209.77 million. 
• WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) is estimated to report quarterly earnings at $1.42 per share on revenue of $154.40 million. 
• Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $37.99 billion. 
• RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.50 billion. 
<h3>Companies Reporting After The Bell</h3>
• Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) is likely to report earnings for its fourth quarter. 
• Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) is expected to report quarterly loss at $0.14 per share on revenue of $64.87 million. 
• Cal-Maine Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) is expected to report quarterly earnings at $10.90 per share on revenue of $1.43 billion. 
• Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) is estimated to report earnings for its third quarter. 
• Aehr Test System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $17.76 million. 
• Mama's Creations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $31.02 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AEHR

CALM

GORO

KRUS

MAMA

TLRY

TPCS

Earnings Scheduled For April 8, 2025

WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) is set to give its latest quarterly earnings report on Tuesday, 2025-04-08. Here's what investors need to know before the announcement.
Analysts estimate that WD-40 will report an earnings per share (EPS) of $1.37. 
Investors in WD-40 are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.10, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at WD-40's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.29</td>
<td>1.34</td>
<td>1.38</td>
<td>1.11</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.39</td>
<td>1.23</td>
<td>1.46</td>
<td>1.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-5.0%</td>
<td>4.0%</td>
<td>-9.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1744034450_0.png" alt="eps graph" />
<h3>Tracking WD-40's Stock Performance</h3>
Shares of WD-40 were trading at $245.09 as of April 04. Over the last 52-week period, shares are down 5.72%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<h3>Analyst Opinions on WD-40</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on WD-40.
Analysts have given WD-40 a total of 2 ratings, with the consensus rating being Buy. The average one-year price target is $322.0, indicating a potential 31.38% upside.
<h3>Comparing Ratings Among Industry Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Energizer Hldgs, Spectrum Brands Holdings and Reynolds Consumer Prods, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Energizer Hldgs, with an average 1-year price target of $36.5, suggesting a potential 85.11% downside.</li>
<li>Analysts currently favor an Buy trajectory for Spectrum Brands Holdings, with an average 1-year price target of $96.8, suggesting a potential 60.5% downside.</li>
<li>Analysts currently favor an Neutral trajectory for Reynolds Consumer Prods, with an average 1-year price target of $29.11, suggesting a potential 88.12% downside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary presents essential metrics for Energizer Hldgs, Spectrum Brands Holdings and Reynolds Consumer Prods, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>WD-40</td>
<td>Buy</td>
<td>9.31%</td>
<td>$84.09M</td>
<td>8.26%</td>
</tr>
<tr>
<td>Energizer Hldgs</td>
<td>Neutral</td>
<td>2.11%</td>
<td>$269.60M</td>
<td>16.14%</td>
</tr>
<tr>
<td>Spectrum Brands Holdings</td>
<td>Buy</td>
<td>1.16%</td>
<td>$257.80M</td>
<td>1.13%</td>
</tr>
<tr>
<td>Reynolds Consumer Prods</td>
<td>Neutral</td>
<td>1.39%</td>
<td>$280M</td>
<td>5.75%</td>
</tr>
</tbody>
</table>

Key Takeaway:
WD-40 ranks highest in revenue growth among its peers. It also has the lowest gross profit margin. In terms of return on equity, WD-40 is positioned in the middle compared to its peers.
<h3>Unveiling the Story Behind WD-40</h3>
WD-40 Co manufactures and sells lubricants and cleaning products. The firm's product categories include maintenance and cleaning products. Maintenance products include the WD-40 signature brand aerosol spray lubricant as well as degreasers, rust removers, and bicycle maintenance products. Cleaning products include toilet cleaners, carpet stain removers and deodorizers, and heavy-duty hand soaps used to clean grease. The company organizes itself into three segments based on geography: Americas, Europe/Middle East/Africa, and Asia-Pacific. The majority of the company's revenue comes from the Americas segment, which includes the United States, Canada, and Latin America.
<h3>Financial Milestones: WD-40's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: WD-40's remarkable performance in 3 months is evident. As of 30 November, 2024, the company achieved an impressive revenue growth rate of 9.31%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Net Margin: WD-40's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 12.29% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): WD-40's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 8.26%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 4.21%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.51, WD-40 adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/WDFC/earnings">To track all earnings releases for WD-40 visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights Ahead: WD-40's Quarterly Earnings

DA Davidson analyst Linda Bolton Weiser maintains WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) with a Buy and maintains $322 price target.

Price Target

Analyst Ratings

DA Davidson Maintains Buy on WD-40, Maintains $322 Price Target

U.S. stocks traded mixed this morning, with the Nasdaq Composite falling over 1% on Monday.
The Dow traded up 0.26% to 42,049.01 while the NASDAQ dipped 1.24% to 18,923.36. The S&amp;P 500 also fell, dropping, 0.61% to 5,791.47.
Check This Out: <a href="https://www.benzinga.com/news/earnings/25/01/42944267/how-to-earn-500-a-month-from-fastenal-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Fastenal Stock Ahead Of Q4 Earnings</a>
Leading and Lagging Sectors Energy shares rose by 1.7% on Monday.
In trading on Monday, utilities shares tumbled by 1.8%.
Top Headline
WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) posted better-than-expected results for its first quarter and reiterated its FY25 guidance on Friday.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Phio Pharmaceuticals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>) shares shot up 453% to $9.35 after the company reported promising results of second cohort from its ongoing clinical study of PH-762.</li>
<li>Shares of Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>)got a boost, surging 181% to $4.3064. Salarius Pharmaceuticals and Decoy Therapeutics announced a definitive merger agreement.</li>
<li>Kairos Pharma, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAPA#NYSE">KAPA</a>) shares were also up, gaining 101% to $1.9701.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Comstock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LODE#NYSE">LODE</a>) shares dropped 43% to $0.2998 after the company announced strategic expansion plans.</li>
<li>Shares of SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) were down 34% to $0.0408. Srivaru Holding announced plans to implement 50-for-1 reverse share split on Jan. 15.</li>
<li>Comtech Telecommunications Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) was down, falling 34% to $2.73 after the company announced downbeat quarterly results.</li>
</ul>
Commodities In commodity news, oil traded up 1.6% to $77.82 while gold traded down 1% at $2,688.80.
Silver traded down 2.8% to $30.425 on Monday, while copper rose 0.6% to $4.3285.
Euro zone
European shares were lower today. The eurozone's STOXX 600 declined 0.5%, Germany's DAX 40 fell 0.3% and France's CAC 40 dipped 0.3%. Spain's IBEX 35 Index fell 0.4%, while London's FTSE 100 slipped 0.3%.
Asia Pacific Markets
Asian markets closed lower on Monday, with China's Shanghai Composite Index falling 0.25%, Hong Kong's Hang Seng Index declining 1% and India's BSE Sensex falling 1.36%.
Economics
Data on consumer inflation expectations will be released today.
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<li><a href="https://www.benzinga.com/25/01/42947348/tesla-to-rally-around-9-here-are-10-top-analyst-forecasts-for-monday">Tesla To Rally Around 9%? Here Are 10 Top Analyst Forecasts For Monday</a></li>
</ul>

Equities

Eurozone

Commodities

Markets

CMTL

KAPA

LODE

PHIO

SLRX

SVMH

US Stocks Mixed; Nasdaq Down Over 1%

U.S. stock futures declined on Monday following Friday&#8217;s steep fall. Futures of all four major indices fell in premarket trade.
Friday&#8217;s decline followed a strong upmove in yields as the economy added 256,000 jobs in December, much above the economists&#8217; forecast of 165,000 jobs, the strongest since May 2024.
Traders now await the consumer price inflation data this week on Wednesday, which will further clear the case for the Fed to pause the rate cuts.
The 10-year and two-year Treasury notes yielded 4.78% and 4.42%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025 decision was at 97.3%, according to CME Group&#8217;s FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-1.27%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.86%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.38%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.21%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.76% to $576.10&nbsp;and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) dropped 1.16% to $501.35, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Wall Street suffered significant losses last week, erasing all gains since the election. This was primarily driven by a robust jobs report, which increased concerns about persistent inflation and further interest rate hikes by the Federal Reserve. The week&#8217;s trading was also impacted by rising geopolitical tensions and increased inflation expectations.
The session witnessed considerable losses among growth equities, particularly those with high valuations and exposure to interest rate sensitivity. This included semiconductor companies such as Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), as well as technology firms like Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>).
The Dow Jones Industrial Average closed 1.63% lower at 41,938.45, down approximately 697 points. The S&amp;P 500 Index fell 1.54% to 5,827.04, while the Nasdaq Composite dipped 1.63% to 19,161.63. Russell 200, on the other hand, fell 2.22% to 2,189.23.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.63%</td>
<td>19,161.63</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.54%</td>
<td>5,827.04</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-1.63%</td>
<td>41,938.45</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-2.22%</td>
<td>2,189.23</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
On <a href="https://www.benzinga.com/25/01/42939374/as-bond-yields-near-the-crucial-5-mark-last-seen-briefly-in-2023-and-global-financial-crisis-this-analyst-says-market-appears-to-be-overreacting">Friday</a>, the U.S. 30-year Treasury yielded 4.950% by the end of the trading session, however, it touched a high of 5.005% intraday. The 10-year Treasury, on the other hand, yielded an intraday high of 4.790% to settle at 4.762% on Friday.
&#8220;It is most likely that the pressure on interest rates is being driven by inflation fears from the soon-to-be-announced tariffs that Trump 2.0 will bring.&#8221; said Louis Navellier, the chairman and founder of Navellier &amp; Associates. &#8220;The market appears to be overreacting,&#8221; he added.
Ed Yardeni and Eric Wallerstein in their note called &#8216;Bond Vigilantes Spoking Stock Jockey&#8217; said, &#8220;If Tuesday&#8217;s CPI inflation rate for December is higher than expected, causing the 10-year Treasury bond yield to revisit 2023&#8217;s high of 5.00%.&#8221;
As the stocks struggled after Friday&#8217;s reports and bond yields&#8217; reaction, Yardeni and Navellier said that this dip was a buying opportunity.
Navellier said that the market could be additionally reacting to the uncertainty on what the Fed may do. Stocks, however, are taking the higher yields to heart, he added, saying &#8220;There&#8217;s no reason to panic.&#8221; as the pullback on higher rates is likely a &#8220;buying opportunity unless earnings disappoint.&#8221;
Yardeni also reiterated its forecast of 7,000 points on the S&amp;P 500 by the end of the year. &#8220;We still believe that the 10-year Treasury bond yield should trade mostly between 4.25% and 4.75% this year. So we think that the selloffs in the stock and bond markets are buying opportunities.&#8221;
Carson Research&#8217;s VP and global macro strategist, Sonu Varghese in a blog post said that it's not useful to read too much into market moves, especially short-term ones.
He argues that the interest rates are higher because the market likely thinks stronger job creation and economy, will put more upward pressure on inflation, which means the Federal Reserve will have to pause on rate cuts. &#8220;Markets are now expecting just one rate cut in 2025 (with a probability of under 25% for a second one) and don't expect it to happen before June,&#8217; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
<ul>
<li>On Monday, the data for December&#8217;s monthly U.S. federal budget will be released at 2:00 p.m., ET.</li>
</ul>
<ul>
<li>On Tuesday, NFIB optimism index for December will be released at 6:00 a.m., ET.</li>
</ul>
<ul>
<li>December&#8217;s headline and core producer price index data will be announced at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Kansas City Fed President Jeffrey Schmid will be speaking at 10:00 a.m. ET.</li>
</ul>
<ul>
<li>Fed will release its Beige Book at 2:00 p.m., ET.</li>
</ul>
<ul>
<li>New York Fed President Williams will deliver his opening remarks on the policy at 3:05 p.m., ET.</li>
</ul>
<ul>
<li>On Wednesday, the headline and core consumer price index for December and the Empire State manufacturing survey data for January will be announced at 8:30 a.m., ET.</li>
</ul>
<ul>
<li> Richmond Fed President Barkin will speak at 9:00 a.m., ET.</li>
</ul>
<ul>
<li>New York Fed President Williams will speak at 11:00 a.m., ET.</li>
</ul>
<ul>
<li>Chicago Fed President Goolsbee will speak at 12:00 p.m., ET.</li>
</ul>
<ul>
<li>On Thursday, initial jobless claims till Jan. 11 will be released at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>December&#8217;s U.S. retail sales, import price index and Philadelphia Fed manufacturing survey will be announced at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Business inventory data for November and the Home builder confidence index for January will be released at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>On Friday, housing starts and building permits data for December will be released at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>The industrial production and capacity utilization for December will be announced at 9:15 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Comtech Telecommunications Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) was up 10.17% in premarket ahead of its earnings before the opening bell. Analysts expect a quarterly loss of 16 cents per share on revenue of $125.53 million.</li>
</ul>
<ul>
<li>WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) was up 2.48% after it posted better-than-expected results for its first quarter and reiterated its FY25 guidance on Friday.</li>
</ul>
<ul>
<li>KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) was down 0.76% ahead of its earnings, which is slated to be reported after the market closes. Analysts expect quarterly earnings of $2.45 per share on revenue of $1.99 billion.</li>
</ul>
<ul>
<li>Nordstrom Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) was up 0.12% after the company said that its net sales rose 4.9%, while comparable sales increased 5.8% for the nine-week holiday period ended Jan. 4.</li>
</ul>
<ul>
<li>Rigetti Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) was down 16.01%, Quantum Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) declined 7.91%, D-Wave Quantum Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) slipped 14.21% and IONQ Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) fell 14.51% in premarket after CNBC&#8217;s Jim Cramer <a href="https://www.benzinga.com/markets/equities/25/01/42890014/jim-cramer-warns-on-quantum-stories-as-stocks-plunge-we-need-you-out-before-the-froth-goes-away">highlighted</a> the speculative nature of nuclear and quantum computing stocks and advised investors to be cautious and realistic about the potential for short-term gains. </li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were higher in the early New York session by 1.76% to hover around $77.08 per barrel.
The gold spot index was down by 0.36% to $2,705.01 per ounce. The Dollar Index was up 0.34% at the 110.02 level.
Asian markets closed lower on Monday as Hong Kong&#8217;s Hang Seng, Japan&#8217;s Nikkei 225, India&#8217;s S&amp;P BSE Sensex, China&#8217;s CSI 300, Australia&#8217;s ASX 200, and South Korea&#8217;s Kospi index declined. European markets were also trading lower.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/01/42938954/michael-saylors-microstrategy-faces-risk-if-mstrs-0-convertible-bond-lenders-recall-non-recourse-loans-due-to-covenant-breach-heres-what-it-means-for-investors">Michael Saylor&#8217;s MicroStrategy Faces Risk If MSTR&#8217;s 0% Convertible Bond Lenders Recall Non-Recourse Loans Due To Covenant Breach: Here&#8217;s What It Means For Investors </a></li>
</ul>
Image Via Shutterstock

Analyst Color

Market Summary

Broad U.S. Equity ETFs

Futures

Pre-Market Outlook

ETFs

General

ABTS

IONQ

NVDA

PLTR

QBTS

QUBT

RGTI

US Stock Futures Indicate Lower Opening On Monday After Last Week's Steep Fall: Analyst Says It's A 'Buying Opportunity,' But Market May Dip Further If This Happens

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Comtech Telecommunications Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) to report a quarterly loss at 16 cents per share on revenue of $125.53 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Comtech Telecommunications shares gained 3.9% to $4.29 in after-hours trading.</li>
<li>WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) posted better-than-expected results for its first quarter and reiterated its FY25 guidance on Friday. WD-40 shares gained 5.5% to $254.00 in the after-hours trading session.</li>
<li>Analysts are expecting KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) to post quarterly earnings at $2.45 per share on revenue of $1.99 billion. The company will release earnings after the markets close. KB Home shares gained 0.1% to $63.25 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Nordstrom Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) said total company net sales rose 4.9%, while comparable sales increased 5.8% for the nine-week holiday period ended Jan. 4. The company also said it sees comparable sales growth of 2.5% to 3.5% versus 52 weeks in fiscal 2023, up from its previous guidance of 1.0% to 2.0% growth. Nordstrom shares gained 0.2% to $24.05 in the after-hours trading session.</li>
<li>Analysts expect ServiceTitan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTAN#NASDAQ">TTAN</a>) to post a quarterly loss at 3 cents per share on revenue of $198.52 million after the closing bell. ServiceTitan shares gained 0.1% to $101.40 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42923396/wall-streets-most-accurate-analysts-weigh-in-on-3-real-estate-stocks-with-over-7-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 7% Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

TTAN

WD-40 Company, KB Home And 3 Stocks To Watch Heading Into Monday

The earnings results for WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) for Q1 were made public on Friday, January 10, 2025 at 04:05 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
WD-40 beat estimated earnings by 8.0%, reporting an EPS of $1.39 versus an estimate of $1.29.
Revenue was up $13.08 million from the same period last year.
<h3>Previous Earnings Records</h3>
Last quarter the company missed on EPS by $0.11 which was followed by a 5.0% drop in the share price the next day.
Here's a look at WD-40's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.34</td>
<td>1.38</td>
<td>1.11</td>
<td>1.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.23</td>
<td>1.46</td>
<td>1.14</td>
<td>1.28</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>149.19M</td>
<td>145.80M</td>
<td>140.51M</td>
<td>134.37M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>155.99M</td>
<td>155.04M</td>
<td>139.10M</td>
<td>140.42M</td>
</tr>
</tbody>
</table>

To track all earnings releases for WD-40 <a href="https://www.benzinga.com/quote/WDFC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

WD-40 Earnings Review: Q1 Summary

Reiterated Fiscal Year 2025 Guidance
The Company reiterated the following fiscal year guidance on a pro forma basis, excluding the full fiscal year financial impact of the homecare and cleaning business portfolios the Company expects to divest in fiscal year 2025 and the impacts of a favorable non-cash income tax adjustment which the Company will discuss during its first fiscal quarter earnings call:
<ul>
<li>Net sales growth is from the pro-forma 2024 results is projected to be between 6 and 11 percent with net sales between $600 million and $630 million after adjusting for estimated translation impacts of foreign currency.</li>
<li>Gross margin for the full year is expected to be between 54 and 55 percent.</li>
<li>Advertising and promotion investments are projected to be around 6 percent of net sales.</li>
<li>Operating income is projected to be between $95 million and $100 million. This range reflects anticipated growth of between 6 to 12 percent compared to 2024 pro forma results.</li>
<li>The provision for income tax is expected to be around 24 percent.</li>
<li>Diluted earnings per share is expected to be between $5.20 and $5.45 based on an estimated 13.5 million weighted average shares outstanding. This range reflects anticipated growth of between 9 to 14 percent compared to 2024 pro forma results.</li>
</ul>
"Our first quarter results reflect strong execution and significant progress on our gross margin expansion initiatives," said Sara Hyzer, WD-40 Company's vice president, finance and chief financial officer. "We achieved gross margin of 54.8 percent, up 100 basis points from the prior year quarter, moving us significantly closer to our target of 55 percent. This improvement reflects favorable sales mix, and the benefit of various supply chain initiatives executed across the globe. As we look ahead, we remain confident in achieving our fiscal year 2025 guidance," concluded Hyzer.
This guidance is expressed in good faith and is based on management's current view of anticipated results on a pro forma basis. Unanticipated inflationary headwinds and other unforeseen events may further affect the Company's financial results. Net sales guidance is adjusted for estimated translation impact of foreign currency use weighted average fiscal year 2024 foreign currency exchange rates. In the event the Company is unsuccessful in the divestiture of its assets currently held for sale, its guidance would be positively impacted by approximately $23 million in net sales, approximately $6 million in operating income, and approximately $0.33 in diluted EPS for the full fiscal year.

WD-40 Company Reiterates FY25 Guidance, Sees Net Sales Of $600M-$630M, 6%-11% Growth Vs $622.95M; Gross Margin 54-55%, Advertising/Promotion 6% Of Sales; Operating Income $95M-$100M; Income Tax Provision 24%, EPS $5.20-$5.45 Vs $5.36 Est.

WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) reported quarterly earnings of $1.39 per share which beat the analyst consensus estimate of $1.29 by 7.75 percent. This is a 8.59 percent increase over earnings of $1.28 per share from the same period last year. The company reported quarterly sales of $153.50 million which beat the analyst consensus estimate of $147.47 million by 4.08 percent. This is a 9.31 percent increase over sales of $140.42 million the same period last year.

WD-40 Q1 EPS $1.39 Beats $1.29 Estimate, Sales $153.50M Beat $147.47M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is likely to report quarterly earnings at $3.32 per share on revenue of $2.54 billion. 
• E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $161.00 million. 
• Neogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOG#NASDAQ">NEOG</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $226.65 million. 
• Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $37.20 billion. 
• Tilray Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) is projected to report earnings for its second quarter. 
• TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) is likely to report quarterly earnings at $3.07 per share on revenue of $15.30 billion. 
• Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) is projected to report quarterly earnings at $1.74 per share on revenue of $14.64 billion. 
<h3>Companies Reporting After The Bell</h3>
• WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) is projected to report quarterly earnings at $1.31 per share on revenue of $147.44 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ETWO

NEOG

Earnings Scheduled For January 10, 2025

This change follows the recent announcement of the stock market closure on the original scheduled date. The Company's quarterly earnings press release will cross the wire after market close on January 10, 2025.

WD-40  Reschedules Q1 FY25 Earnings Conference Call To January 10, 2025

~ Appoints Eric P. Etchart as Chairman of the Board ~
WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) is pleased to announce the appointment of Eric P. Etchart as non-executive chairman of the board of directors, effective today. Mr. Etchart succeeds Gregory A. Sandfort as chairman, who retired from the board following today's 2024 Annual Meeting of Stockholders. Mr. Etchart will continue to serve on the Corporate Governance Committee and Finance Committee.

Management

WD-40 Appoints Eric P. Etchart As Chairman Of The Board

WIIM

WD-40 shares are trading lower after the company reported mixed Q4 finacial results.

Jefferies analyst Daniel Rizzo maintains WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) with a Hold and raises the price target from $250 to $280.

Jefferies Maintains Hold on WD-40, Raises Price Target to $280

Press Releases

WD-40 Company Reports Fourth Quarter and Fiscal Year 2024 Financial Results

WD-40 Company Announces 2024 Annual Meeting of Stockholders

WD-40 Company Increases Quarterly Dividend and Schedules First Quarter 2025 Earnings Conference Call

WD-40 Company Announces Board Changes

WD-40 Company Reschedules Q1 FY25 Earnings Conference Call

WD-40 Company Reports First Quarter 2025 Financial Results

WD-40 Company Declares Regular Quarterly Dividend and Schedules Second Quarter 2025 Earnings Conference Call

WD-40 Company Reports Second Quarter 2025 Financial Results

The WD-40® Brand Repair Challenge Returns

WD-40 Company Declares Regular Quarterly Dividend and Schedules Third Quarter 2025 Earnings Conference Call

DA Davidson

Jefferies

BWS Financial

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