Workhorse Gr Q4 EPS $(0.19) Misses $(0.09) Estimate, Sales $4.41M Beat $3.24M Estimate
Portfolio Pulse from Happy Mohamed
Workhorse Group reported Q4 losses of $(0.19) per share, missing the $(0.09) estimate, but sales of $4.41M exceeded the $3.24M estimate. This represents a 20.83% decrease in losses and a 27.81% increase in sales year-over-year.
March 12, 2024 | 1:01 pm
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NEUTRAL IMPACT
Workhorse Group's Q4 earnings missed EPS estimates but beat sales forecasts, showing a decrease in losses and an increase in sales year-over-year.
While the EPS miss might concern investors, the significant beat on sales forecasts and the year-over-year improvement in both losses and sales could mitigate negative sentiment. The mixed results present a neutral outlook in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100