HC Wainwright Issues Negative Outlook for Worksport Earnings

Worksport Ltd. (NASDAQ:WKSP) – Investment analysts at HC Wainwright lowered their FY2025 earnings per share estimates for shares of Worksport in a research report issued to clients and 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 forecast of ($2.77). HC Wainwright has a “Buy” rating and a $11.50 price target 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.

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

Worksport Stock Up 2.2%

Worksport stock opened at $2.30 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 0.91. Worksport has a 1-year low of $1.92 and a 1-year high of $11.00. The company has a market cap of $18.98 million, a PE ratio of -0.92 and a beta of 0.38. The stock’s 50 day moving average price is $2.39 and its 200 day moving average price is $3.05.

Worksport (NASDAQ:WKSP) last announced 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). The firm had revenue of $5.01 million during the quarter, compared to analyst estimates of $5.58 million. Worksport had a negative net margin of 121.98% and a negative return on equity of 93.38%.

Institutional Investors Weigh In On Worksport

Institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in shares of Worksport in the second quarter valued at approximately $50,000. Centiva Capital LP acquired a new position in shares of Worksport during the 3rd quarter worth approximately $63,000. Finally, Geode Capital Management LLC lifted its stake in Worksport by 11.2% in the 2nd quarter. Geode Capital Management LLC now owns 33,259 shares of the company’s stock valued at $94,000 after buying an additional 3,338 shares in the last quarter. 16.11% of the stock is currently owned by hedge funds and other institutional investors.

Worksport Company Profile

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.