Workhorse Group Inc reports results for the quarter ended December 31 - Earnings Summary

Reuters
03-31
Workhorse Group Inc reports results for the quarter ended December 31 - Earnings Summary
  • Workhorse Group Inc WKHS.OQ reported a quarterly adjusted loss of $10.75​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-47.50. The mean expectation of two analysts for the quarter was for a loss of $5.31 per share. Wall Street expected results to range from $-6.25 to $-4.37 per share.

  • Revenue fell 56.3% to $1.93 million from a year ago; analysts expected $3.10 million.

  • Workhorse Group Inc's reported EPS for the quarter was a loss of $10.75​.

  • The company reported a quarterly loss of $21.18 million.

  • Workhorse Group Inc shares had fallen by 77.8% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts was unchanged 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," 2 "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 $12.50

This summary was machine generated from LSEG data March 31 at 01:30 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 2024

-5.31

-10.75

Missed

Sep. 30 2024

-10.42

-12.25

Missed

Jun. 30 2024

-18.02

-17.50

Beat

Mar. 31 2024

-23.12

-25.00

Missed

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