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

Workhorse Group (NASDAQ:WKHS) released its quarterly earnings data on Thursday. The company reported ($1.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.47) by ($0.52), FiscalAI reports. Workhorse Group had a negative return on equity of 243.08% and a negative net margin of 299.18%.The business had revenue of $4.33 million during the quarter, compared to analyst estimates of $8.52 million.

Here are the key takeaways from Workhorse Group’s conference call:

• Workhorse said the Workhorse-Motiv integration is on track, with facility consolidation completed and three production lines now operating in Union City, including the new F59 chassis and EPIC4 line.
• The company reported new order wins in Q1, including a 100-unit Purolator order and a 100-unit Gateway Fleets order, while also citing 75 vehicles deployed or on order for FedEx ISP operators.
• Management emphasized that its strategy is shifting to lowering upfront prices and total cost versus ICE vehicles, supported by a new lower-priced W56 configuration and promotional pricing on the 210 kWh step van.
• The company announced plans for a proprietary modular chassis and a first Class 5/6 cab chassis, with testing planned for 2026 and initial production targeted for early 2027.
• First-quarter financial results remained pressured, with revenue of $4.3 million and a gross loss of $7.5 million, while operating loss widened to $21.1 million due to higher manufacturing and integration costs.

Workhorse Group Stock Performance

WKHS traded down $0.64 on Friday, reaching $2.98. The stock had a trading volume of 303,094 shares, compared to its average volume of 302,302. The business’s 50-day moving average price is $3.04 and its two-hundred day moving average price is $5.37. The company has a market cap of $32.45 million, a P/E ratio of -0.10 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 company has a current ratio of 1.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC raised its holdings 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 Securities and Exchange Commission. The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. Institutional investors own 15.98% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Workhorse Group from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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.