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Workhorse Group (WKHS) Dips More Than Broader Markets: What You Should Know

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Workhorse Group (WKHS - Free Report) closed the most recent trading day at $11.54, moving -1.7% from the previous trading session. This change lagged the S&P 500's 0.54% loss on the day.

Prior to today's trading, shares of the truck and drone manufacturer had lost 24.94% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 3.54% and the S&P 500's gain of 3.05% in that time.

Wall Street will be looking for positivity from WKHS as it approaches its next earnings report date. This is expected to be August 9, 2021. In that report, analysts expect WKHS to post earnings of -$0.19 per share. This would mark a year-over-year decline of 58.33%. Meanwhile, our latest consensus estimate is calling for revenue of $5.19 million, up 5670% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.57 per share and revenue of $68.72 million, which would represent changes of -324.29% and +4834.69%, respectively, from the prior year.

Any recent changes to analyst estimates for WKHS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. WKHS currently has a Zacks Rank of #4 (Sell).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 213, which puts it in the bottom 17% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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