Workhorse Group, Inc. (WKHS) Posts Earnings Results, Misses Estimates By $0.11 EPS

Workhorse Group, Inc. (NASDAQ:WKHS) issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.11), Bloomberg Earnings reports. Workhorse Group had a negative net margin of 439.21% and a negative return on equity of 310.65%. The business had revenue of $3.29 million during the quarter.

Workhorse Group (NASDAQ WKHS) traded up $0.09 during midday trading on Friday, reaching $2.94. 204,440 shares of the company’s stock traded hands, compared to its average volume of 431,175. Workhorse Group has a one year low of $1.85 and a one year high of $8.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.89 and a quick ratio of 1.17.

Several research firms have issued reports on WKHS. Maxim Group reissued a “buy” rating and set a $5.00 price target on shares of Workhorse Group in a report on Thursday, September 14th. Cowen and Company began coverage on Workhorse Group in a research note on Thursday, August 17th. They set an “outperform” rating and a $5.25 price objective for the company.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at

About Workhorse Group

Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.

Receive News & Ratings for Workhorse Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workhorse Group Inc. and related companies with's FREE daily email newsletter.

Leave a Reply