* Workhorse Group Inc 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
Comments