HC Wainwright Brokers Lower Earnings Estimates for Worksport

Worksport Ltd. (NASDAQ:WKSP) – Analysts at HC Wainwright dropped 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 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 restated a “sell (e+)” rating on shares of Worksport in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.00.

Worksport Stock Performance

NASDAQ:WKSP 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. The firm has a market cap of $18.98 million, a PE ratio of -0.92 and a beta of 0.38. The firm has a 50 day simple moving average of $2.39 and a 200-day simple moving average of $3.05. Worksport has a 1-year low of $1.92 and a 1-year high of $11.00.

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

Hedge Funds Weigh In On Worksport

Several institutional investors and hedge funds have recently bought and sold shares of WKSP. Centiva Capital LP purchased a new position in Worksport during the third quarter worth approximately $63,000. XTX Topco Ltd purchased a new stake in shares of Worksport during the 2nd quarter valued at $50,000. Finally, Geode Capital Management LLC increased its holdings in shares of Worksport by 11.2% during 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 last quarter. Institutional investors and hedge funds own 16.11% of the company’s stock.

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.