A year-over-year rise in legal fees added to operating costs, which stood at $18.06 million for Q2, a 98% surge year-over-year. The company made fresh additions to its workforce during the quarter, including leadership-level appointments, which led to an increase in employee costs. Operational Details: Surging Operating Costs Management noted that it is focused on new “last-mile delivery” introductions between 2H, which is on track regarding the timing and budget.

The company’s commentary on its product roadmap was also encouraging. However, the figure was up from last year’s net loss of $0.35 per share, which was a breather. Moreover, sales were essentially zero, having reported a much higher cost of sales than the revenues themselves.Ĭoming to the bottom line, the net loss of $0.13 per share was wider than Street expectations of a $0.11 loss. Revenues were also much lower than the prior-year quarter’s revenues of $1.2 million. The consensus estimate for revenues was $14.5 thousand, and the company generated about $12.56 thousand. However, the company hit one major milestone during the quarter and announced a key delivery update. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.EV and aviation infrastructure and technology company Workhorse ( WKHS) reported its second-quarter 2022 earnings results, which did not meet the expectations of Wall Street, causing the stock to be 22% lower currently. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to. Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. 7 Blue-Chip Dividend Stocks That Won’t be Impacted by Rising Interest Rates.7 Mid-Cap Stocks That Can be the Perfect Fit at Any Time.7 Stocks to Buy to Outrun Rising Interest Rates.7 Sports Betting Stocks to Buy for Their Long-Term Possibilities.7 Water Stocks to Buy as the World Dries Up.7 Solar Stocks Leading the Clean Energy Boom.7 Railroad Stocks to Keep Your Portfolio Chugging Along.7 Agricultural Stocks to Buy to Keep Your Portfolio Well Fed.7 Streaming Stocks that Will Stand up to Streaming Fatigue.7 Cash Rich Stocks That Offer Safety in Any Market.7 Small-Cap Stocks That Could Rocket Higher in 2023.United Health Group Continues to Justify a Premium Valuation.Should Investors Look to Bag Shares of Kroger’s or Albertson’s?.Is NVIDA Stock Getting Too Cheap to Ignore?.Here are 3 Stocks That Benefit From a Strong U.S.Watch These 3 Economic Reports to Impact Interest Rate Hikes.The Bottom Is In For JPMorgan Chase & Co.

Fisker is Entering a Critical Stage That Could Reward Investors.

Biogen's Stock Pullback Offers a Second Chance.

Google, Amazon and Tesla, 3 Big Stocks Set to Move Higher.

The Trader's Guide to Equities Research.

Workhorse stock price today