Workhorse(US:WKHS) ZACKS·2025-09-24 17:00Core Viewpoint - Workhorse Group (WKHS) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Workhorse's Earnings Outlook - The recent upgrade for Workhorse reflects an improvement in the company's underlying business, which is expected to drive the stock price higher [5]. - Over the past three months, the Zacks Consensus Estimate for Workhorse has increased by 50%, although the expected earnings per share for the fiscal year ending December 2025 remains at -$7.78, showing no year-over-year change [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have generated an average annual return of +25% since 1988 [7]. - The upgrade to Zacks Rank 2 places Workhorse in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].