Workhorse Group Inc reports results for the quarter ended September 30 - Earnings Summary

Workhorse

19/11/2024 22:23

* Workhorse Group Inc  WKHS.OQ  reported a quarterly
adjusted loss
of 98 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of $-2.80.  The mean expectation of four analysts
for the quarter was for a loss of 83 cents per share. Wall
Street expected results to range from -86 cents to -79 cents per
share.
    * Revenue fell 17.2% to $2.51 million from a year ago;
analysts
expected $3.42 million. 
    * Workhorse Group Inc's reported EPS for the quarter was a
loss
of 98 cents​.
    * The company reported a quarterly loss of $25.14 million.
    * Workhorse Group Inc shares had risen by 38.0% this
quarter and
lost 83.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.8%
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 $1.25 
This summary was machine generated from LSEG data November 19 at
10:22 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
 Sep. 30 2024      -0.83          -0.98          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