Workhorse Group Q3 Sales, Net Of Returns And Allowances, Were $3M May Not Compare To $20.94M Est.; EPS $(0.14)
Portfolio Pulse from Benzinga Newsdesk
Workhorse Group reported Q3 sales of $3M, which falls short of the estimated $20.94M. The company also reported an EPS of $(0.14), but it's unclear how this compares to analyst expectations as no estimate is provided.
November 14, 2023 | 12:02 pm
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Workhorse Group's Q3 sales significantly missed estimates, reporting $3M against the expected $20.94M. The EPS was $(0.14), but without a comparison to estimates, the impact on EPS is unclear.
The substantial miss in sales revenue is likely to negatively impact investor sentiment and the stock price in the short term. The negative EPS further indicates potential financial difficulties, although the lack of a comparison to analyst EPS estimates makes it difficult to gauge the full impact on earnings per share.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100