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Workhorse Group (GB:0A3U)
LSE:0A3U
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-3.98Last Year’s EPS
-17.5Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: -1.96%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
While Workhorse Group reported significant achievements in terms of orders, partnerships, cost reductions, and product expansions, the company also faced challenges with decreased sales, financial losses, and market uncertainties. The balance of these factors suggests a cautious optimism for future growth.Company Guidance
During the Q1 2025 earnings call for Workhorse Group, key metrics were highlighted to illustrate the company's progress and strategic focus. Year-to-date, Workhorse secured purchase orders for 27 W56 step vans, marking a step towards their goal to ship more vehicles in Q2 than in all of the previous year. They reported a $9.3 million reduction in operating expenses year-over-year, reflecting significant cost-cutting measures. The company also noted an increase in sales momentum, with 18 trucks already shipped in the second quarter. Financially, they maintained a cash position of $2.6 million and reported $27.9 million in restricted cash as of March 31, 2025. Workhorse emphasized their unique position as a North American OEM producing electric step vans in-house, which provides them with a competitive edge in quality control and lead times. Despite prevailing market challenges, they continue to focus on disciplined execution, securing customer trust, and maintaining a lean operating environment to ensure long-term growth.W56 Step Van Orders and Deliveries
Booked purchase orders for 27 W56 step vans, with deliveries expected in 60 to 120 days. Delivered FedEx's 2024 order of W56 step vans, expanding to 12 FedEx terminals.
Fleet Expansion and Partnerships
New partnerships with Gateway Fleets and various certified service networks. Expanded dealer and service networks with new partners in key metro markets.
Cost Reduction Achievements
Operating expenses reduced by $9.3 million year-over-year, and monthly operating cash reduced to below $3 million.
Product and Market Expansion
Expanded W56 lineup and received certification for sales in Canada. Completed a successful 2,400-mile cross-country trip with the W56.
Production and Delivery Milestones
Workhorse is the only North American OEM producing electric step vans in-house, with six Class 4 to 6 models in production.
GB:0A3U Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:0A3U Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | $0.20 | $0.20 | 0.00% |
Mar 31, 2025 | $2.10 | $2.10 | 0.00% |
Nov 19, 2024 | $15.06 | $13.23 | -12.14% |
Aug 20, 2024 | $14.87 | $11.52 | -22.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Workhorse Group (GB:0A3U) report earnings?
Workhorse Group (GB:0A3U) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Workhorse Group (GB:0A3U) earnings time?
Workhorse Group (GB:0A3U) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Workhorse Group stock?
The P/E ratio of Workhorse Group is N/A.
What is GB:0A3U EPS forecast?
GB:0A3U EPS forecast for the fiscal quarter 2025 (Q2) is -3.98.
