FY2025 EPS Estimates for Worksport Lowered by HC Wainwright

Worksport Ltd. (NASDAQ:WKSP) – Equities researchers at HC Wainwright decreased their FY2025 earnings per share estimates for shares of Worksport in a research note issued to investors on Thursday, January 15th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings per share of ($2.84) for the year, down from their prior estimate of ($2.77). HC Wainwright currently has a “Buy” rating and a $11.50 price objective on the stock. The consensus estimate for Worksport’s current full-year earnings is ($0.60) per share. HC Wainwright also issued estimates for Worksport’s Q4 2025 earnings at ($0.46) EPS.

Worksport (NASDAQ:WKSP) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.02). Worksport had a negative return on equity of 93.38% and a negative net margin of 121.98%.The company had revenue of $5.01 million during the quarter, compared to analyst estimates of $5.58 million.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Worksport in a research report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Worksport presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Worksport Trading Up 2.2%

Shares of WKSP stock opened at $2.30 on Monday. The company has a market cap of $18.98 million, a P/E ratio of -0.92 and a beta of 0.38. Worksport has a fifty-two week low of $1.92 and a fifty-two week high of $11.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 2.04. The stock has a 50 day simple moving average of $2.39 and a two-hundred day simple moving average of $3.04.

Institutional Investors Weigh In On Worksport

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Worksport by 11.2% in the 2nd quarter. Geode Capital Management LLC now owns 33,259 shares of the company’s stock worth $94,000 after buying an additional 3,338 shares during the period. Centiva Capital LP bought a new position in shares of Worksport in the third quarter worth $63,000. Finally, XTX Topco Ltd bought a new position in shares of Worksport in the second quarter worth $50,000. 16.11% of the stock is currently owned by institutional investors.

About Worksport

Worksport Ltd. is an Israeli-based designer, developer and global supplier of innovative automotive accessories, with a primary focus on pickup truck bed covers. The company’s core offerings include a range of hard and soft tonneau covers under brands such as ROLL, FLEXIT and SOLAR, engineered to provide truck owners with enhanced utility, security and weather protection. Worksport leverages advanced polymer materials and patented folding mechanisms to deliver lightweight, durable solutions that are easy to install and operate.

In recent years, Worksport has expanded its product portfolio to incorporate solar technology, introducing integrated solar tonneau covers capable of generating power for auxiliary truck systems or charging batteries for recreational and off-grid applications.