FY2025 EPS Estimates for Worksport Reduced by HC Wainwright

Worksport Ltd. (NASDAQ:WKSP) – Equities research analysts at HC Wainwright dropped their FY2025 EPS estimates for shares of Worksport in a report issued on Thursday, February 19th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings per share of ($2.96) for the year, down from their prior forecast of ($2.84). 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 ($0.55) EPS and FY2026 earnings at ($1.30) EPS.

A number of other brokerages have also commented on WKSP. Weiss Ratings restated a “sell (e+)” rating on shares of Worksport in a research report on Monday, December 22nd. Maxim Group set a $3.00 price target on shares of Worksport in a report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.67.

Worksport Trading Down 5.0%

Shares of Worksport stock opened at $1.34 on Monday. The firm’s 50-day moving average price is $2.03 and its two-hundred day moving average price is $2.70. The company has a market capitalization of $13.15 million, a price-to-earnings ratio of -0.53 and a beta of 0.35. The company has a quick ratio of 0.91, a current ratio of 2.04 and a debt-to-equity ratio of 0.05. Worksport has a 12-month low of $1.00 and a 12-month high of $8.40.

Institutional Investors Weigh In On Worksport

Several large investors have recently made changes to their positions in WKSP. State Street Corp purchased a new position in Worksport in the 4th quarter valued at approximately $34,000. XTX Topco Ltd bought a new position in shares of Worksport in the second quarter worth $50,000. Centiva Capital LP purchased a new position in shares of Worksport in the third quarter valued at $63,000. Geode Capital Management LLC grew its position in shares of Worksport by 11.2% in the second quarter. Geode Capital Management LLC now owns 33,259 shares of the company’s stock valued at $94,000 after purchasing an additional 3,338 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Worksport by 225.2% during the 4th quarter. LPL Financial LLC now owns 54,067 shares of the company’s stock valued at $115,000 after purchasing an additional 37,440 shares during the period. 16.11% of the stock is 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.