Workhorse Gr Q2 EPS $(1.40) Misses $(1.23) Estimate, Sales $842.44K Miss $8.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Workhorse Group reported a Q2 EPS of $(1.40), missing the $(1.23) estimate, and sales of $842.44K, missing the $8.43M estimate. This reflects a significant decline in both earnings and sales compared to the previous year.
August 20, 2024 | 1:10 pm
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Workhorse Group's Q2 earnings and sales significantly missed analyst estimates, with EPS at $(1.40) and sales at $842.44K. This indicates a substantial decline in performance compared to the previous year.
The company's Q2 EPS and sales figures both missed analyst estimates by a wide margin, indicating poor financial performance. The EPS miss was 13.82% below expectations, and sales were 90.01% below estimates, suggesting potential negative sentiment and pressure on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100