Wag! Group Co. (PET) Reports Q3 Loss, Lags Revenue Estimates
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Wag! Group Co. (PET) reported a Q3 loss of $0.13 per share, missing the Zacks Consensus Estimate of a $0.04 loss. This is a larger loss compared to $0.06 per share a year ago.
November 13, 2024 | 3:00 pm
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Wag! Group Co. reported a larger than expected Q3 loss of $0.13 per share, missing the Zacks Consensus Estimate of $0.04. This indicates a worsening financial performance compared to the previous year.
The reported loss per share of $0.13 is significantly worse than the expected loss of $0.04, indicating a negative surprise for investors. Additionally, the loss has increased from $0.06 per share a year ago, suggesting deteriorating financial performance. This is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100