In the most recent buying and selling session, Workhorse Group (WKHS) closed at $12.39, marking a -1.74% transfer from the day prior to this. This modification lagged the S&P 500’s 0.72% loss on the day.
Previous to right now’s buying and selling, shares of the truck and drone producer had misplaced 10.82% over the previous month. This has lagged the Auto-Tires-Vehicles sector’s acquire of 4.74% and the S&P 500’s acquire of 6.13% in that point.
Wall Road will probably be on the lookout for positivity from WKHS because it approaches its subsequent earnings report date. That is anticipated to be Could 10, 2021. The corporate is predicted to report EPS of -$0.19, down 416.67% from the prior-year quarter. In the meantime, our newest consensus estimate is asking for income of $2.38 million, up 2878.75% from the prior-year quarter.
WKHS’s full-year Zacks Consensus Estimates are calling for earnings of -$0.62 per share and income of $100.15 million. These outcomes would signify year-over-year modifications of -188.57% and +7091.85%, respectively.
Traders must also be aware any latest modifications to analyst estimates for WKHS. These latest revisions are likely to replicate the evolving nature of short-term enterprise traits. With this in thoughts, we will contemplate constructive estimate revisions an indication of optimism in regards to the firm’s enterprise outlook.
Analysis signifies that these estimate revisions are instantly correlated with near-term share worth momentum. Traders can capitalize on this through the use of the Zacks Rank. This mannequin considers these estimate modifications and gives a easy, actionable score system.
Starting from #1 (Robust Purchase) to #5 (Robust Promote), the Zacks Rank system has a confirmed, outside-audited monitor document of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Inside the previous 30 days, our consensus EPS projection has moved 2.23% greater. WKHS is at present a Zacks Rank #4 (Promote).
The Automotive – Unique Tools business is a part of the Auto-Tires-Vehicles sector. This group has a Zacks Business Rank of 192, placing it within the backside 25% of all 250+ industries.
The Zacks Business Rank gauges the energy of our particular person business teams by measuring the common Zacks Rank of the person shares throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Make sure to comply with all of those stock-moving metrics, and plenty of extra, on Zacks.com.
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Workhorse Group, Inc. (WKHS): Free Inventory Evaluation Report
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