WD-40 Company (WDFC, Financial) has announced a record third-quarter revenue of $156.9 million, marking a 1% increase from the previous year. This growth is attributed to a 2% rise in core maintenance product sales during the quarter, contributing to a 6% increase year-to-date. The company has also shown remarkable progress in improving its gross margin, which reached 56% in the third quarter. This is a 310 basis point increase compared to last year, and positions the company to exceed its 55% gross margin target a year earlier than anticipated, by the end of fiscal year 2025.
While there are external challenges to consider, the company's leadership remains confident in its continued growth path and its strategies to enhance long-term shareholder value.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for WD-40 Co (WDFC, Financial) is $296.00 with a high estimate of $322.00 and a low estimate of $270.00. The average target implies an upside of 31.61% from the current price of $224.90. More detailed estimate data can be found on the WD-40 Co (WDFC) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, WD-40 Co's (WDFC, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for WD-40 Co (WDFC, Financial) in one year is $257.45, suggesting a upside of 14.47% from the current price of $224.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the WD-40 Co (WDFC) Summary page.
