Wag! (US:PET) ZACKS·2024-11-13 14:36Core Viewpoint - Wag! Group Co. reported a quarterly loss of $0.13 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.04, marking an earnings surprise of -225% [1][2] Financial Performance - The company posted revenues of $13.2 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 36.97%, compared to $21.8 million in revenues a year ago [2] - Over the last four quarters, Wag! Group Co. has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is -$0.03 on revenues of $26.15 million, and for the current fiscal year, it is -$0.21 on revenues of $89 million [7] Stock Performance - Shares of Wag! Group Co. have declined approximately 62.6% since the beginning of the year, while the S&P 500 has gained 25.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Industry Outlook - The Consumer Services - Miscellaneous industry, to which Wag! Group Co. belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8]