WD-40 Stock Plunges After Earnings

D.A. Davidson slashed its price target in response to the results

Deputy Editor
Jul 8, 2022 at 9:38 AM
facebook X logo linkedin

Shares of WD-40 Company (NASDAQ:WDFC) are plummeting ahead of Wall Street's open, last seen down 9.7% to trade at $185.01 following the company's fiscal third-quarter earnings report. Digging deeper, WD-40 reported earnings of $1.07 per share on revenue of $123.67 million, both of which fell well short of analysts estimates. The lubricant maker said inflationary pressures and a host of global disruptions impacted the financial results.

At least one member of the brokerage bunch has weighed in on the results. Specifically, D.A. Davidson cut its price target to $169 from $172, and there's room for others to follow considering the 12-month consensus price target of $189.50 is a 7.5% discount to last night's close. Meanwhile, the two analysts in coverage rate WDFC a "hold."

On the charts, today's negative price action will put WD-40 stock back below a recent floor at the $196 level. In addition, the equity is set to once again breech the 100-day moving average, which pressured the shares for much of the year. Ahead of today's premarket plummet, WDFC already sported a 16.3% year-to-date deficit.




Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI