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Spotting Winners: WD-40 (NASDAQ:WDFC) And Household Products Stocks In Q4

WDFC Cover Image

Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at WD-40 (NASDAQ: WDFC) and its peers.

Household products stocks are generally stable investments, as many of the industry's products are essential for a comfortable and functional living space. Recently, there's been a growing emphasis on eco-friendly and sustainable offerings, reflecting the evolving consumer preferences for environmentally conscious options. These trends can be double-edged swords that benefit companies who innovate quickly to take advantage of them and hurt companies that don't invest enough to meet consumers where they want to be with regards to trends.

The 10 household products stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 1.8% above.

Luckily, household products stocks have performed well with share prices up 11.3% on average since the latest earnings results.

Weakest Q4: WD-40 (NASDAQ: WDFC)

Short for “Water Displacement perfected on the 40th try”, WD-40 (NASDAQ: WDFC) is a renowned American consumer goods company known for its iconic and versatile spray, WD-40 Multi-Use Product.

WD-40 reported revenues of $154.4 million, flat year on year. This print was in line with analysts’ expectations, but overall, it was a softer quarter for the company with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.

WD-40 Total Revenue

Interestingly, the stock is up 16% since reporting and currently trades at $235.97.

Is now the time to buy WD-40? Access our full analysis of the earnings results here, it’s free.

Best Q4: Spectrum Brands (NYSE: SPB)

A leader in multiple consumer product categories, Spectrum Brands (NYSE: SPB) is a diversified company with a portfolio of trusted brands spanning home appliances, garden care, personal care, and pet care.

Spectrum Brands reported revenues of $677 million, down 3.3% year on year, outperforming analysts’ expectations by 1.2%. The business had a very strong quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Spectrum Brands Total Revenue

The market seems happy with the results as the stock is up 14.5% since reporting. It currently trades at $78.40.

Is now the time to buy Spectrum Brands? Access our full analysis of the earnings results here, it’s free.

Central Garden & Pet (NASDAQ: CENT)

Enhancing the lives of both pets and homeowners, Central Garden & Pet (NASDAQ: CENT) is a leading producer and distributor of essential products for pet care, lawn and garden maintenance, and pest control.

Central Garden & Pet reported revenues of $617.4 million, down 6% year on year, falling short of analysts’ expectations by 1.2%. It was a slower quarter as it posted a significant miss of analysts’ EBITDA estimates and a miss of analysts’ adjusted operating income estimates.

Central Garden & Pet delivered the weakest performance against analyst estimates and slowest revenue growth in the group. Interestingly, the stock is up 11.7% since the results and currently trades at $39.21.

Read our full analysis of Central Garden & Pet’s results here.

Energizer (NYSE: ENR)

Masterminds behind the viral Energizer Bunny mascot, Energizer (NYSE: ENR) is one of the world's largest manufacturers of batteries.

Energizer reported revenues of $778.9 million, up 6.5% year on year. This result surpassed analysts’ expectations by 10%. Overall, it was a strong quarter as it also recorded a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ EBITDA estimates.

Energizer scored the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is down 7.7% since reporting and currently trades at $21.59.

Read our full, actionable report on Energizer here, it’s free.

Reynolds (NASDAQ: REYN)

Best known for its aluminum foil, Reynolds (NASDAQ: REYN) is a household products company whose products focus on food storage, cooking, and waste.

Reynolds reported revenues of $1.03 billion, up 1.3% year on year. This number beat analysts’ expectations by 2.9%. Aside from that, it was a satisfactory quarter as it also produced an impressive beat of analysts’ organic revenue estimates but a miss of analysts’ gross margin estimates.

The stock is up 13.8% since reporting and currently trades at $24.81.

Read our full, actionable report on Reynolds here, it’s free.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

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