Wag! Group PET shares are buying and selling increased on Wednesday after the corporate reported better-than-expected This fall EPS and gross sales outcomes.
Wag! reported This fall earnings of $0.07 per share which simply beat the analyst consensus estimate for a lack of $0.10 per share. The corporate reported quarterly gross sales of $17.04 million which beat the analyst consensus estimate of $13.76 million.
“In 2022, we delivered all-time report outcomes, considerably forward of our expectations. This has been a pivotal interval within the evolution of our firm, as we remodeled from a companies enterprise to a holistic platform for all of our Pet Dad and mom’ wants,” mentioned Garrett Smallwood, chairman and CEO of Wag!.
For FY2023, Wag! expects income to be within the vary of $75 million to $77 million versus the analyst consensus estimate of $69.61 million.
Wag! is an American pet care firm that provides a know-how platform to attach pet house owners with unbiased pet professionals for on-demand and scheduled canine strolling, coaching and different petcare companies.
See Additionally: Why Wag! Group Shares Are Buying and selling Larger By Round 22%; Right here Are 20 Shares Transferring Premarket
PET Value Motion: Wag! has a 52-week excessive of $10 and a 52-week low of $1.96.
Wag! shares are up 15.2% at $2.65 on the time of publication, in keeping with Benzinga Professional.
Photograph: courtesy of Wag! Group.
