Workhorse Gr Q2 EPS $(0.12) Beats $(0.15) Estimate, Sales $3.97M Miss $14.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Workhorse Gr (NASDAQ:WKHS) reported Q2 EPS of $(0.12), beating the analyst consensus estimate of $(0.15) by 20%. However, the company's quarterly sales of $3.97 million missed the analyst consensus estimate of $14.90 million by 73.38%. This represents a 7.69% increase in losses and a 31.49K% increase in sales compared to the same period last year.
August 08, 2023 | 1:04 pm
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Workhorse Gr's Q2 earnings beat estimates but sales significantly missed expectations. This mixed result could lead to volatility in the stock's price.
Workhorse Gr's Q2 earnings beat analyst estimates, which is a positive signal for the stock. However, the significant miss on sales could be a concern for investors, potentially leading to volatility in the stock's price. The increase in losses and sales compared to last year also adds to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100