Q2 2024 EPS Estimates for Workhorse Group Inc. (NASDAQ:WKHS) Increased by Roth Capital

Workhorse Group Inc. (NASDAQ:WKHSFree Report) – Investment analysts at Roth Capital raised their Q2 2024 earnings estimates for shares of Workhorse Group in a report released on Tuesday, May 28th. Roth Capital analyst C. Irwin now anticipates that the company will earn ($0.07) per share for the quarter, up from their prior forecast of ($0.08). The consensus estimate for Workhorse Group’s current full-year earnings is ($0.30) per share. Roth Capital also issued estimates for Workhorse Group’s Q3 2024 earnings at ($0.07) EPS and FY2025 earnings at ($0.25) EPS.

A number of other research analysts also recently issued reports on WKHS. R. F. Lafferty reissued a “sell” rating on shares of Workhorse Group in a research report on Wednesday, March 13th. DA Davidson reduced their price objective on shares of Workhorse Group from $1.00 to $0.50 and set a “neutral” rating on the stock in a research report on Monday, April 1st.

Read Our Latest Research Report on WKHS

Workhorse Group Trading Up 4.3 %

Shares of Workhorse Group stock opened at $0.20 on Thursday. The company’s fifty day simple moving average is $0.20 and its two-hundred day simple moving average is $0.28. The company has a market cap of $74.41 million, a P/E ratio of -0.37 and a beta of 2.54. Workhorse Group has a 12-month low of $0.15 and a 12-month high of $1.36.

Workhorse Group (NASDAQ:WKHSGet Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). The firm had revenue of $4.41 million for the quarter, compared to the consensus estimate of $3.30 million. Workhorse Group had a negative net margin of 1,005.23% and a negative return on equity of 138.20%.

Institutional Trading of Workhorse Group

A number of hedge funds and other institutional investors have recently modified their holdings of WKHS. Swedbank AB purchased a new stake in shares of Workhorse Group in the 1st quarter worth about $303,000. Vanguard Group Inc. grew its position in Workhorse Group by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 10,323,640 shares of the company’s stock valued at $2,422,000 after purchasing an additional 453,085 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Workhorse Group by 83.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock valued at $78,000 after purchasing an additional 149,960 shares during the last quarter. Belpointe Asset Management LLC grew its position in Workhorse Group by 183.3% during the 4th quarter. Belpointe Asset Management LLC now owns 100,000 shares of the company’s stock valued at $36,000 after purchasing an additional 64,700 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Workhorse Group by 99.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 100,101 shares of the company’s stock valued at $36,000 after purchasing an additional 50,000 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

About Workhorse Group

(Get Free Report)

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.

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