Research Analysts Issue Forecasts for Worksport Q3 Earnings

Worksport Ltd. (NASDAQ:WKSP) – Analysts at HC Wainwright cut their Q3 2025 EPS estimates for Worksport in a research report issued on Wednesday, October 22nd. HC Wainwright analyst S. Buck now forecasts that the company will earn ($0.73) per share for the quarter, down from their previous forecast of ($0.71). HC Wainwright 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, FY2025 earnings at ($2.94) EPS and FY2026 earnings at ($2.33) EPS.

WKSP has been the topic of a number of other reports. Wall Street Zen downgraded shares of Worksport from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Worksport in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Worksport presently has an average rating of “Moderate Buy” and an average target price of $14.00.

Worksport Price Performance

NASDAQ WKSP opened at $3.30 on Friday. The company has a market cap of $21.91 million, a PE ratio of -0.50 and a beta of 0.55. Worksport has a 52 week low of $2.44 and a 52 week high of $12.00. The company has a quick ratio of 0.70, a current ratio of 2.27 and a debt-to-equity ratio of 0.12. The firm’s 50-day simple moving average is $3.31 and its two-hundred day simple moving average is $3.25.

Worksport (NASDAQ:WKSP) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.71) EPS for the quarter, beating the consensus estimate of ($0.76) by $0.05. The business had revenue of $4.11 million for the quarter, compared to the consensus estimate of $3.61 million. Worksport had a negative net margin of 134.19% and a negative return on equity of 93.40%.

Institutional Investors Weigh In On Worksport

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in 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. IFP Advisors Inc purchased a new stake in Worksport in the first quarter valued at approximately $25,000. XTX Topco Ltd purchased a new stake in Worksport in the second quarter valued at approximately $50,000. Finally, Armistice Capital LLC purchased a new stake in Worksport in the first quarter valued at approximately $1,150,000. 16.11% of the stock is owned by hedge funds and other institutional investors.

About Worksport

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.