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Wag! Group First Quarter 2024 Earnings: Misses Expectations

editorial-team@simplywallst.com (Simply Wall St)
·1-min read

Wag! Group (NASDAQ:PET) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$23.2m (up 13% from 1Q 2023).

  • Net loss: US$4.24m (loss widened by 12% from 1Q 2023).

  • US$0.11 loss per share (further deteriorated from US$0.10 loss in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wag! Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 7.3%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in the US.

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Performance of the American Consumer Services industry.

The company's shares are up 5.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Wag! Group (1 is a bit unpleasant!) that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.