Wag Group (PET) is scheduled to release its latest quarterly earnings report on Wednesday, February 14, 2024. As investors eagerly await this announcement, here is a breakdown of what they need to know beforehand.
Analysts predict that Wag Group will report an earnings per share (EPS) of -$0.06 for this quarter. However, bullish investors hope to hear that the company not only surpasses this estimate but also provides positive guidance or forecasted growth for the next quarter.
It is important for new investors to note that it is not always an earnings beat or miss that has the most significant impact on a stock’s price. Often, it is the guidance or forecast provided by the company that drives market sentiment.
Looking back at Wag Group’s previous performance, last quarter the company exceeded EPS estimates by $0.02. However, this positive surprise was followed by a 3.16% drop in the share price the next day. This example highlights the importance of considering both earnings performance and market reaction.
To provide further insight, let’s examine Wag Group’s historical earnings performance and the resulting price changes:
Quarter EPS Estimate EPS Actual Price Change %
Q3 2023 -0.08 -0.06 -3.16%
Q2 2023 -0.09 -0.10 -5.74%
Q1 2023 -0.06 -0.10 0.99%
Q4 2022 -0.10 0.07 12.61%
Shares of Wag Group were trading at $2.11 as of February 12. Over the past 52 weeks, the stock has experienced a decline of 13.28%. These negative returns may concern long-term shareholders ahead of this earnings release.
For more information on Wag Group’s earnings releases, investors can visit the company’s earnings calendar on the Benzinga website.
It is important to note that this article was generated by Benzinga’s automated content engine and reviewed by an editor.
