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

Workhorse

20/08/2024 13:20

* Workhorse Group Inc  WKHS.OQ  reported a quarterly
adjusted loss
of $1.40​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of $-2.40.  The mean expectation of four analysts for the
quarter was for a loss of $1.44 per share. Wall Street expected
results to range from $-1.53 to $-1.40 per share.
    * Revenue fell 78.8% to $842.00 thousand from a year ago;
analysts
expected $4.19 million. 
    * Workhorse Group Inc's reported EPS for the quarter was a
loss of
$1.40​.
    * The company reported a quarterly loss of $26.32 million.
    * Workhorse Group Inc shares had fallen by 22.3% this
quarter and
lost 83.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 25.4%
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 $7.20 
This summary was machine generated from LSEG data August 20 at
12:20 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
 Jun. 30 2024      -1.44          -1.40          Beat
 Mar. 31 2024      -1.85          -2.00          Missed
 Dec. 31 2023      -1.80          -3.80          Missed
 Sep. 30 2023      -2.40          -2.80          Missed