Workhorse Group (NASDAQ:WKHS) Announces Quarterly Earnings Results, Misses Estimates By $0.91 EPS

Workhorse Group (NASDAQ:WKHS) announced its quarterly earnings data on Thursday. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.91), FiscalAI reports. Workhorse Group had a negative net margin of 299.18% and a negative return on equity of 255.45%. The business had revenue of $3.56 million during the quarter, compared to the consensus estimate of $5.33 million.

Workhorse Group Trading Down 1.6%

Shares of WKHS stock traded down $0.05 on Thursday, hitting $3.04. The stock had a trading volume of 232,586 shares, compared to its average volume of 141,115. The firm has a market cap of $33.11 million, a P/E ratio of -0.10 and a beta of 2.57. Workhorse Group has a twelve month low of $2.31 and a twelve month high of $26.40. The company has a current ratio of 1.23, a quick ratio of 0.25 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $3.25.

Institutional Investors Weigh In On Workhorse Group

A hedge fund recently raised its position in Workhorse Group stock. Geode Capital Management LLC lifted its holdings in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

WKHS has been the subject of several recent research reports. Weiss Ratings upgraded shares of Workhorse Group from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. Wall Street Zen lowered Workhorse Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Workhorse Group Company Profile

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.