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

Workhorse Group (NASDAQ:WKHS) released its quarterly earnings results on Thursday. The company reported ($1.99) earnings per share for the quarter, missing the consensus estimate 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 return on equity of 239.58% and a negative net margin of 363.15%.

Workhorse Group Price Performance

Shares of Workhorse Group stock traded up $0.08 during trading on Thursday, hitting $3.62. The stock had a trading volume of 296,395 shares, compared to its average volume of 146,932. The firm has a market cap of $39.43 million, a price-to-earnings ratio of -0.04 and a beta of 2.53. Workhorse Group has a 12 month low of $2.31 and a 12 month high of $67.32. The business’s 50-day moving average is $3.04 and its 200 day moving average is $5.46. The company has a current ratio of 1.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC lifted its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.