WKHS Earnings Prediction
The chart below shows how WKHS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WKHS sees a +4.27% change in stock price 10 days leading up to the earnings, and a -16.48% change 10 days following the report. On the earnings day itself, the stock moves by -3.45%. This data can give you a slight idea of what to expect for the next quarter's release.
WKHS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.51M
-17.13%
197.91%
Gross Margin
-164.67%
41.32%
-78.52%
Operating Margin
-564.54%
-18.80%
-76.82%
Net Margin
-1001.53%
-1.02%
-67.94%
EPS
-0.98
-65.49%
-30.00%
No Data Available
WKHS Earnings Analysis
Workhorse Group, Inc Corporation (WKHS.O) Earnings Conference Call
Positive
Milestone Agreement with FedEx: Commercially, we achieved a critical validating milestone in July, securing a three-year master framework agreement with FedEx.
Game-Changing Accomplishment: This is absolutely a game-changing accomplishment for us here at Workhorse.
Quarterly Progress Update: During the third quarter, we made important progress along several fronts here at Workhorse.
Successful Vehicle Demonstrations: We have had successful vehicle demonstrations for two additional major last-mile fleet during the quarter.
Order Secured for Step Vans: We have secured orders for the 208 step vans from customers in both the industrial linen and packaged delivery segments.
Negative
Sales Decrease Analysis: The decrease in sales was primarily due to the nonrecurrence of a $2.3 million sales allowance related to W4 CC vehicles recognized prior period of 2023 and an increase in W4 CC and W56 trucks sales in the current period of $1.8 million.
Net Loss Comparison: Net loss was $25.1 million compared to $30.6 million in the same period last year.
Cost of Sales Comparison: Cost of sales was $6.6 million in the third quarter compared to the same amount in the same period last year.
R&D Expense Reduction: Research and development expenses decreased to $2.3 million in the third quarter compared to $5.8 million in the same period last year.
Net Interest Income Increase: Net interest for the three months ended September 30, 2024, was $8.3 million compared to net interest income of $4 million for the three months ended September 30, 2023.
WKHS FAQs
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WKHS Earning Call Sentiment
Workhorse Group Inc. (WKHS) Q3 2024 Earnings Call Transcript
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WKHS.O
-4.39%Positive
The earnings call summary highlights several positive factors, including a strategic partnership with FedEx, reduced cash burn rate, and a focus on expanding product lines. Although there are challenges like competitive pressures and supply chain issues, the company's cost management and strategic initiatives are promising. The absence of significant concerns in the Q&A and optimistic guidance further support a positive outlook. Given the company's strategic moves and reduced expenses, a positive stock price movement of 2% to 8% is expected over the next two weeks.
