Workhorse Group (NASDAQ:WKHS) Issues Earnings Results, Misses Estimates By $0.52 EPS

Workhorse Group (NASDAQ:WKHS) released its earnings results on Thursday. The company reported ($1.99) EPS for the quarter, missing analysts’ consensus estimates of ($1.47) by ($0.52), FiscalAI reports. The firm had revenue of $4.33 million during the quarter, compared to the consensus estimate of $8.52 million. Workhorse Group had a negative net margin of 363.15% and a negative return on equity of 239.58%.

Workhorse Group Price Performance

WKHS traded up $0.08 during trading on Thursday, reaching $3.62. The stock had a trading volume of 296,395 shares, compared to its average volume of 146,932. The stock has a market cap of $39.43 million, a PE ratio of -0.04 and a beta of 2.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 1.54. Workhorse Group has a one year low of $2.31 and a one year high of $67.32. The business has a 50-day moving average of $3.04 and a 200-day moving average of $5.46.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC boosted its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,684 shares of the company’s stock after acquiring an additional 11,073 shares during the quarter. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 as of its most recent filing with the Securities & Exchange Commission. 15.98% of the stock is owned by institutional investors.

About Workhorse Group

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.