Workhorse Group (WKHS) Set to Announce Quarterly Earnings on Thursday

Workhorse Group (NASDAQ:WKHS) is set to release its earnings data before the market opens on Thursday, November 14th. Analysts expect Workhorse Group to post earnings of ($0.85) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings results on Monday, August 19th. The company reported ($1.40) earnings per share for the quarter, meeting analysts’ consensus estimates of ($1.40). Workhorse Group had a negative return on equity of 163.23% and a negative net margin of 1,366.25%. The business had revenue of $0.84 million during the quarter, compared to analysts’ expectations of $3.00 million. During the same quarter last year, the business posted ($2.40) earnings per share. On average, analysts expect Workhorse Group to post $-5 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Workhorse Group Stock Up 2.4 %

Workhorse Group stock opened at $0.78 on Thursday. The firm has a market capitalization of $18.92 million, a PE ratio of -0.08 and a beta of 2.55. Workhorse Group has a 52 week low of $0.57 and a 52 week high of $9.00. The firm’s 50-day simple moving average is $0.76 and its 200 day simple moving average is $1.84.

Analysts Set New Price Targets

Separately, TD Cowen reduced their price target on shares of Workhorse Group from $3.00 to $0.25 and set a “hold” rating on the stock in a report on Wednesday, August 21st.

About Workhorse Group

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.