What's Going On With Workhorse Group Shares Monday?
Portfolio Pulse from Dylan Berman
Workhorse Group, Inc. (NASDAQ:WKHS) shares are trading lower ahead of its anticipated 2024 fiscal year second quarter earnings release on Wednesday. Analysts estimate a loss of $1.44 per share and revenue of $4.19 million. The company has a history of missing analysts' estimates for both revenue and EPS. Currently, the stock is trading at $1.14, below its 50-day moving average of $2 and near the bottom of its 52-week range of $1.1 to $22.
August 12, 2024 | 7:18 pm
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Workhorse Group shares are trading lower ahead of its Q2 earnings release, with analysts expecting a loss of $1.44 per share and $4.19 million in revenue. The company has a history of missing estimates, and the stock is currently trading below its 50-day moving average.
The anticipation of a poor earnings report, combined with the company's history of missing estimates, is likely causing the stock to trade lower. The stock's current price below its 50-day moving average and near the bottom of its 52-week range further indicates negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100