Yahoo Finance Workhorse Group First Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag
Workhorse Group (NASDAQ:WKHS) First Quarter 2023 Results
Key Financial Results
Net loss: US$25.0m (loss widened by 13% from 1Q 2022).
US$0.15 loss per share (further deteriorated from US$0.14 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Workhorse Group EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 83%. Earnings per share (EPS) exceeded analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's shares are down 15% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Workhorse Group (1 shouldn't be ignored) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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