How does PET's 2024 earnings trend affect investors?

**Wag Group's (PET) 2024 earnings trend has significant implications for investors**, with both positive and negative effects to consider:

1. **Revenue Performance**: Wag Group's revenue has shown some positive signs, such as beating analyst estimates in Q1 2024 with a revenue of $23.22 million, which was 4.45% higher than expected. This indicates a strong sales performance, which could be a positive signal for investors regarding the company's market traction.
2. **Earnings Per Share (EPS) Analysis**: The company's EPS has been negative, with Q1 2024 EPS at -$0.11. Analysts have revised their FY2024 EPS estimates upwards from -$0.24 to -$0.19, suggesting a potential improvement in earnings. However, the Q3 2024 EPS was -$0.13, indicating a recent deterioration.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|PET|PET.O|Wag! Group|2024 Q1|-11.988381304462635|-4241000|185|
|PET|PET.O|Wag! Group|2024 Q2|41.81959162574309|-2251000|185|
|PET|PET.O|Wag! Group|2024 Q3|-185.15482695810564|-6262000|185|
|PET|PET.O|Wag! Group|2024 Q4|-38.932178932178935|-4814000|185|

3. **Net Income and Margin Analysis**: Wag Group has reported a net loss of $17.57 million for 2024, with a negative net margin of 15.92% and a negative return on equity of 553.34%. These figures are concerning for investors, as they suggest the company is not profitable and is struggling with operational efficiency.
4. **Analyst Ratings and Price Targets**: Despite the challenges, several analysts have maintained a "buy" rating for Wag Group, with an average consensus target price of $4.40. This suggests that analysts believe in the company's long-term potential, which could be a positive signal for investors looking for growth opportunities.
5. **Investor Sentiment and Risks**: The stock has experienced significant volatility, with a 52-week low of $1.27 and a high of $2.65. Investors should be aware of the risks associated with such volatility and the potential for further price fluctuations based on earnings reports and market conditions.

In conclusion, while Wag Group's revenue performance shows some positive aspects, the negative EPS, net loss, and margins raise concerns for investors. The analyst ratings and price targets suggest a potential for recovery, but investors should carefully consider the risks and operational challenges before making investment decisions.