Workhorse Group Sees 2023 Revenues $10M-$15M; Consensus Est. $63.01M
Portfolio Pulse from Benzinga Newsdesk
Workhorse Group projects its 2023 revenues to be between $10M-$15M, significantly below the consensus estimate of $63.01M.

November 14, 2023 | 12:05 pm
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NEGATIVE IMPACT
Workhorse Group's revenue projection for 2023 is substantially lower than market expectations, which could lead to a negative investor reaction and a potential drop in stock price.
The significant shortfall in projected revenues compared to consensus estimates is likely to undermine investor confidence and could result in a decrease in stock price in the short term. This type of financial news is typically critical for investors as it directly relates to the company's performance and future prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100