Workhorse Group, Inc. (NASDAQ:WKHS) is set to announce third quarter earning results on Monday 9th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, WKHS to report 3Q20 loss of $ 0.1 per share from revenue of $ 1.81 million.
For the full year, analysts anticipate top line of $ 19.01 million, while looking forward to loss of $ 1.64 per share bottom line.
Previous Quarter Performance
Workhorse Group, Inc. unwinded loss for the second quarter of $ 1.76 per share, from the revenue of $ 0.09 million. The quarterly revenues grew 800.00 percent compared with the same quarter last year. Wall street analysts are predicting, WKHS to report 2Q20 loss of $ 0.11 per share from revenue of $ 0.27 million. The top line results fell short of analysts by $ 0.18 million or 66.67 percent.
Stock Performance
On Friday, shares of Workhorse Group, Inc. has traded high as $ 17.57 and has cracked $ 16.77 on the downward trend, reaching $ 17.29 with volume of 12.54 million shares.
According to the previous trading day, closing price of $ 17.29, representing a 1,242.42 % increase from the 52 week low of $ 1.32 and a 42.82 % decrease over the 52 week high of $ 30.99.
The company has a market capital of $ 2.15 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Recent Analyst recommendations
- On 14th October 2020, downgraded by Roth Capital to Neutral from Buy rating, with $ 27.00 target price.
Conference Call
Workhorse Group, Inc. will be hosting a conference call at 10:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.workhorse.com
Workhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation.
