Workhorse Group Expects FY23 Revenue $65M-$85M (Prior $75M-$125M) Vs $78.75M Est
Portfolio Pulse from Benzinga Newsdesk
Workhorse Group has revised its FY23 revenue forecast to $65M-$85M, down from the previous estimate of $75M-$125M. This is also lower than the market estimate of $78.75M.
August 08, 2023 | 1:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Workhorse Group's revised FY23 revenue forecast is lower than the previous estimate and the market expectation, which could negatively impact its stock price.
Workhorse Group's revised FY23 revenue forecast is lower than both its previous estimate and the market expectation. This could be perceived negatively by investors, leading to a potential decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100