Post-earnings recap
Reported
Thu, Jul 9, 2026
EPS actual
$2.33
EPS est.
$1.58
EPS surprise
+47.47%
1-day move
-2.91%
WD-40 Company reported a strong earnings per share, significantly exceeding expectations. However, the stock reacted negatively, declining by 2.91%. This drop may reflect investor concerns about revenue performance, as no revenue figures were reported.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.33 | $1.56 | +47.47% |
| Revenue | N/A | $173M | N/A |
No transcript is on record, and the analysis is based solely on numerical results.
WD-40 Company (WDFC) is a leading manufacturer of household products, best known for its multi-use lubricant, WD-40. Operating in the consumer staples sector, the company plays a crucial role in the household products industry, benefiting from steady consumer demand and brand loyalty.
Last quarter
In Q2-2026, WD-40 Company reported an EPS of $1.50, exceeding expectations by 8.3%. The stock reacted positively, gaining 1.69% the following day.
EPS beat streak
2Q
EPS beat rate
75%
Avg EPS surprise
+11.77%
Avg 1-day reaction
-1.01%
Analysts expect WD-40 to report solid earnings this quarter, with a consensus EPS of $1.56 and revenue of $173 million. The market is closely watching for any signs of growth or challenges in demand.
Bull case
If WD-40 exceeds earnings expectations, it could indicate strong consumer demand and effective cost management, leading to a positive stock reaction.
Bear case
Conversely, if the company misses earnings estimates or shows signs of declining sales, it could raise concerns about market saturation and impact the stock negatively.
Key metrics to watch
EPS
1.56Earnings per share is a key indicator of profitability and financial health, reflecting how much money the company makes for each share of stock.
Revenue
173MRevenue figures indicate the overall sales performance of the company, which is vital for assessing growth and market demand.
The print will turn on these.
Q1
Will WD-40's EPS exceed the consensus estimate of $1.56?
A beat on EPS could signal strong operational performance and consumer demand, which is crucial for investor confidence.
Q2
What are the revenue figures compared to the consensus of $173 million?
Revenue performance will indicate the company's ability to grow sales in a competitive market and could influence future guidance.
—
Est. EPS
$1.07
Est. Rev
$1.5B
Impl. Move
±7.5%
Why consensus could be wrong
The consensus may underestimate WD-40's resilience in a competitive market, as recent consumer trends show increased DIY and home maintenance activities.
Supporting evidence
The company has a strong brand loyalty that could buffer against market fluctuations.
Recent trends in home improvement suggest a potential uptick in demand for household products like WD-40.
Options pricing indicates a higher expected volatility than historical averages, suggesting that the market may be overly cautious.
Key risk
If revenue growth exceeds $173 million, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it will provide insights into consumer spending trends and the company's market position.
Bull confirmed if
An EPS of $1.60 or higher would confirm strong demand and operational efficiency.
Bear confirmed if
An EPS below $1.54 would raise concerns about declining sales and profitability.
What the market is pricing for the move.
Implied Move
±9.08%
Historical Avg
±2.4%
The options market is pricing in a significant move of over 9%, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±9.1% while WDFC has averaged ±2.4% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
27.2%
Smart-money positioning from the most recent 13F filings.
Institutional
90.39%
of float
Insider
0.80%
of float
Holders
505
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
2,075,743 sh · $418.3M
15.47%
2.8%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If WD-40 beats earnings expectations, history suggests a potential stock increase of around 1.7%, confirming strong market demand.
In line / cautious
An in-line report could lead to muted reactions as investors assess management's commentary on future growth.
Miss
If the company misses expectations, history indicates a potential decline of about 1.35%, raising concerns about market conditions.
The lines on the call that would change the story.
Vanguard Portfolio Management LLC
1,075,929 sh · $216.8M
8.02%
3.6%
Kayne Anderson Rudnick Investment Management LLC
629,021 sh · $126.7M
4.69%
-0.8%
Vanguard Capital Management LLC
604,460 sh · $121.8M
4.50%
-0.2%
State Street Corporation
549,199 sh · $110.7M
4.09%
4.3%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.