WD-40 Company Sees FY24 EPS $4.78-$5.15 Vs $5.30 Est.; Revenue Net Sales Growth Is Projected To Be Between 6%-12% With Net Sales Expected To Be Between $570M-$600M On A Non-GAAP Constant Currency Basis Vs $563.4M Est.
Portfolio Pulse from Happy Mohamed
WD-40 Company has provided its fiscal year 2024 guidance, projecting net sales growth between 6% and 12%, with net sales expected to be between $570M and $600M on a non-GAAP constant currency basis. The company's estimated EPS for FY24 is $4.78-$5.15, lower than the estimated $5.30. Unanticipated inflationary headwinds and other unforeseen events may further affect the company's financial results.
October 19, 2023 | 8:08 pm
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WD-40 Company's projected EPS for FY24 is lower than the estimated $5.30, which may negatively impact the stock in the short term. However, the projected net sales growth could have a positive effect.
The company's projected EPS for FY24 is lower than the estimated $5.30, which could lead to a negative sentiment among investors and potentially a decrease in the stock price. However, the projected net sales growth could be seen as a positive sign for the company's future performance, potentially offsetting the negative impact of the lower EPS.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100