Workhorse Group Inc reports results for the quarter ended in December - Earnings Summary

Workhorse

12/03/2024 14:13

* Workhorse Group Inc  WKHS.OQ  reported a quarterly
adjusted loss
of 19 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -24 cents.  The mean expectation of
four analysts for the quarter was for a loss of 9 cents per
share. Wall Street expected results to range from -12 cents
to -6 cents per share.
    * Revenue rose 27.8% to $4.41 million from a year ago;
analysts
expected $3.24 million. 
    * Workhorse Group Inc's reported EPS for the quarter was a
loss
of 19 cents​.
    * The company reported a quarterly loss of $45.26 million.
    * Workhorse Group Inc shares had fallen by 12.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto & truck
manufacturers peer group is also "hold"

Wall Street's median 12-month price target for Workhorse Group
Inc is $0.75 
This summary was machine generated from LSEG data March 12 at
02:13 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.09          -0.19          Missed
 Sep. 30 2023      -0.12          -0.14          Missed
 Jun. 30 2023      -0.15          -0.12          Beat
 Mar. 31 2023      -0.18          -0.15          Beat