Workhorse Gr Q1 2024 GAAP EPS $(0.10) Misses $(0.09) Estimate, Sales $1.339M Miss $4.134M Estimate
Portfolio Pulse from Benzinga Newsdesk
Workhorse Group (NASDAQ: WKHS) reported Q1 2024 GAAP EPS of $(0.10), missing the $(0.09) estimate. Sales were $1.339M, missing the $4.134M estimate by 67.61% and down 20.91% YoY.
May 20, 2024 | 10:05 pm
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NEGATIVE IMPACT
Workhorse Group reported Q1 2024 GAAP EPS of $(0.10), missing the $(0.09) estimate. Sales were $1.339M, missing the $4.134M estimate by 67.61% and down 20.91% YoY.
The significant miss on both EPS and sales estimates, along with a YoY decline in sales, is likely to negatively impact WKHS stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100