Recap: Workhorse Gr Q3 Earnings
Portfolio Pulse from Benzinga Insights
Workhorse Group Inc. (NASDAQ: WKHS) reported Q3 earnings with an EPS of $-0.14, missing estimates by 16.67% against the expected $-0.12. Revenue increased by $1.48 million compared to the same period last year. Despite beating EPS estimates last quarter, the stock price fell by 6.36% the following day. The company's past earnings performance shows a history of missing EPS estimates.
November 14, 2023 | 12:00 pm
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NEGATIVE IMPACT
Workhorse Group reported a larger than expected loss per share for Q3 and a year-over-year increase in revenue. Historical data shows stock price volatility post-earnings.
Workhorse Group's miss on earnings estimates is likely to negatively impact investor sentiment in the short term, as seen historically with a stock price drop following last quarter's earnings beat. The revenue increase may not fully offset the negative earnings perception.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100