Wag! Group Co reports results for the quarter ended in June - Earnings Summary

Wag! Co

07/08/2024 23:32

* Wag! Group Co  PET.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -10
cents.  The mean expectation of six analysts for the quarter was
for a loss of 6 cents per share. Wall Street expected results to
range from -8 cents to -3 cents per share.
    * Revenue fell 5.9% to $18.65 million from a year ago;
analysts
expected $21.20 million. 
    * Wag! Group Co's reported EPS for the quarter was a loss
of 6
cents​.
    * The company reported a quarterly loss of $2.25 million.
    * Wag! Group Co shares had fallen by 34.4% this quarter and
lost 40.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the personal
services
peer group is also "buy"

Wall Street's median 12-month price target for Wag! Group Co is
$3.75 
This summary was machine generated from LSEG data August 7 at
10:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       -0.06          -0.05          Beat
 Mar. 31 2024      -0.11          -0.09          Beat
 Dec. 31 2023      -0.07          -0.09          Missed
 Sep. 30 2023      -0.08          -0.06          Beat