Workhorse Group Future Growth

Future criteria checks 2/6

Workhorse Group is forecast to grow earnings and revenue by 24% and 57.9% per annum respectively while EPS is expected to grow by 47.4% per annum.

Key information

24.0%

Earnings growth rate

47.4%

EPS growth rate

Auto earnings growth	11.6%
Revenue growth rate	57.9%
Future return on equity	n/a
Analyst coverage	Low
Last updated	01 Apr 2024

Recent future growth updates

Recent updates

We Think Shareholders Should Be Aware Of Some Factors Beyond Workhorse Group's (NASDAQ:WKHS) Profit

Aug 17

Workhorse Group - Flawed Vehicle Design Likely To Cause Debt Issues Early Next Year

Aug 12

Workhorse Group: Prepare For The Worst

Jul 29

Workhorse: Not Out Of The Race Yet

Jul 18

Workhorse: Emerging Short-Squeeze Battleground, Exit Opportunity For Fundamentally Driven Investors

Jun 13

Workhorse Group (NASDAQ:WKHS) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway

May 12

Plan for electric postal trucks gaining traction among Democrats

May 10

Putting My Workhorse Short Thesis To Rest With Advice From Warren Buffett To All EV Investors

May 07

Earnings and Revenue Growth Forecasts

NasdaqCM:WKHS - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	350	-59	-55	-51	1
12/31/2025	88	-80	-114	-110	4
12/31/2024	41	-99	-105	-101	5
12/31/2023	13	-124	-142	-123	N/A
9/30/2023	12	-117	-148	-123	N/A
6/30/2023	11	-122	-126	-104	N/A
3/31/2023	7	-120	-115	-96	N/A
12/31/2022	5	-117	-111	-94	N/A
9/30/2022	0	-235	-100	-89	N/A
6/30/2022	-3	-280	-114	-107	N/A
3/31/2022	-1	-303	-136	-128	N/A
12/31/2021	-1	-401	-138	-133	N/A
9/30/2021	2	35	-151	-143	N/A
6/30/2021	3	32	-142	-134	N/A
3/31/2021	2	-55	-104	-97	N/A
12/31/2020	1	70	-76	-70	N/A
9/30/2020	1	-210	-50	-50	N/A
6/30/2020	0	-137	-43	-43	N/A
3/31/2020	0	-26	-41	-39	N/A
12/31/2019	0	-37	-39	-37	N/A
9/30/2019	0	-56	-32	-29	N/A
6/30/2019	0	-50	-29	-26	N/A
3/31/2019	1	-37	-23	-23	N/A
12/31/2018	1	-37	-22	-22	N/A
9/30/2018	6	-31	-28	-28	N/A
6/30/2018	9	-38	-27	-27	N/A
3/31/2018	9	-40	-30	-30	N/A
12/31/2017	10	-41	-39	-39	N/A
9/30/2017	8	-36	N/A	-34	N/A
6/30/2017	7	-29	N/A	-30	N/A
3/31/2017	8	-23	N/A	-29	N/A
12/31/2016	6	-20	N/A	-19	N/A
9/30/2016	3	-16	N/A	-17	N/A
6/30/2016	2	-15	N/A	-15	N/A
3/31/2016	0	-12	N/A	-10	N/A
12/31/2015	0	-9	N/A	-8	N/A
9/30/2015	0	-7	N/A	-6	N/A
6/30/2015	0	-5	N/A	-5	N/A
3/31/2015	0	-7	N/A	-5	N/A
12/31/2014	0	-7	N/A	-4	N/A
9/30/2014	0	-6	N/A	-3	N/A
6/30/2014	0	-6	N/A	-3	N/A
3/31/2014	0	-6	N/A	-2	N/A
12/31/2013	0	-6	N/A	-3	N/A
9/30/2013	0	-6	N/A	-3	N/A
6/30/2013	0	-6	N/A	-3	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WKHS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: WKHS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: WKHS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: WKHS's revenue (57.9% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: WKHS's revenue (57.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if WKHS's Return on Equity is forecast to be high in 3 years time

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Workhorse Group Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 19% to US$0.57

Consensus EPS estimates upgraded to US$0.31 loss

Consensus revenue estimates decrease by 15%

Consensus revenue estimates fall by 42%

Price target decreased by 50% to US$1.00

Workhorse Group Inc. Provides Earnings Guidance for the Year 2023

Recent updates

Price target decreased by 19% to US$0.57

Consensus EPS estimates upgraded to US$0.31 loss

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Workhorse Group Inc., Annual General Meeting, May 14, 2024

New major risk - Revenue and earnings growth

Workhorse Group Inc. to Report Q4, 2023 Results on Mar 12, 2024

New minor risk - Share price stability

Consensus revenue estimates decrease by 15%

Workhorse Group Inc. announced that it expects to receive $50 million in funding from Lincoln Park Capital, LLC

Workhorse Group Inc. has filed a Follow-on Equity Offering in the amount of $50 million.

Consensus revenue estimates fall by 42%

Price target decreased by 50% to US$1.00

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Workhorse Group Inc. Provides Earnings Guidance for the Year 2023

Workhorse Group Inc. to Report Q3, 2023 Results on Nov 07, 2023

Workhorse Group Inc. Notifies Greg Ackerson, Chief Accounting Officer and Corporate Controller Will Not Renew His Employment Agreement, His Last Day of Employment Will Be November 6, 2023

Workhorse Group Receives Non-Compliance Notice From Nasdaq

Consensus revenue estimates decrease by 26%, EPS upgraded

Workhorse Group Inc. Provides Revenue Guidance for the Year 2023

Price target decreased by 9.1% to US$2.50

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Workhorse Group Inc. to Report Q2, 2023 Results on Aug 08, 2023

New major risk - Share price stability

Workhorse Group Inc. Reaffirms Revenue Guidance for 2023

Workhorse Group (NASDAQ:WKHS) Will Have To Spend Its Cash Wisely

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus revenue estimates fall by 24%

Workhorse Group Inc. to Report Q4, 2022 Results on Mar 01, 2023

Price target decreased by 13% to US$4.08

President recently bought US$94k worth of stock

Consensus forecasts updated

Independent Director recently sold US$68k worth of stock

High number of new directors

Workhorse Group Inc. Reaffirms Revenue Guidance for 2022

Workhorse Group Inc. Announces Proposed Settlements of Class Action Lawsuit and Related Shareholder Derivative Actions

Workhorse Group Inc. to Report Q3, 2022 Results on Nov 08, 2022

Workhorse: Real Company Priced For Disaster

We're Keeping An Eye On Workhorse Group's (NASDAQ:WKHS) Cash Burn Rate

Consensus revenue estimates fall by 24%

Price target decreased to US$5.75

Workhorse: Resolving Concerns And Gearing Up For Production

If Workhorse Fails, It Fails

High number of new directors

Workhorse Group Inc. Provides Production and Revenue Guidance for the Full Year 2022

Workhorse Group Inc. Appoints Scott Miller to the Board of Directors and as a Member of the Nominating and Corporate Governance Committee as Well as the Compensation Committee

Price target decreased to US$6.75

Workhorse Group, Inc: Bleeding Cash Puts 2022 Business Plan In Limbo

Insider recently bought US$169k worth of stock

Consensus revenue estimates increase by 48%

Workhorse Group Inc., Annual General Meeting, May 03, 2022

Workhorse Group Inc. Appoints Bill Quigley to Board of Directors

Investor sentiment deteriorated over the past week

Workhorse Group Inc. to Report Q4, 2021 Results on Mar 01, 2022

Investor sentiment deteriorated over the past week

Workhorse Stock Forecast: What To Watch For In 2022

Investor sentiment deteriorated over the past week

Workhorse: When It Rains, It Pours

Third quarter 2021 earnings released: US$0.66 loss per share (vs US$0.78 loss in 3Q 2020)

Price target decreased to US$9.21

Investor sentiment improved over the past week

Chief Financial Officer Steve Schrader has left the company

Chief Operating Officer Robert Willison has left the company

Investor sentiment deteriorated over the past week

Where Will Workhorse Stock Be In 5 Years? At This Rate, Gone

Workhorse Group Provides Update on Review of Operating and Commercialization Plans

Workhorse Stock Forecast For 2025: Risks And Opportunities To Consider

We Think Shareholders Should Be Aware Of Some Factors Beyond Workhorse Group's (NASDAQ:WKHS) Profit

Consensus revenue estimates fall to US$6.50m