HC Wainwright Has Positive Outlook for Worksport Q3 Earnings

Worksport Ltd. (NASDAQ:WKSP) – Stock analysts at HC Wainwright upped their Q3 2025 EPS estimates for shares of Worksport in a report issued on Monday, September 29th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings per share of ($0.71) for the quarter, up from their prior estimate of ($0.74). HC Wainwright currently has a “Buy” rating and a $11.50 target price 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 ($0.42) EPS, FY2025 earnings at ($2.88) EPS and FY2026 earnings at ($2.17) EPS.

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

Separately, Wall Street Zen downgraded Worksport from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $14.00.

Worksport Stock Performance

WKSP opened at $3.42 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.27 and a quick ratio of 0.70. The business has a fifty day simple moving average of $3.32 and a 200 day simple moving average of $3.25. Worksport has a 1 year low of $2.44 and a 1 year high of $12.00. The company has a market capitalization of $22.71 million, a PE ratio of -0.52 and a beta of 0.55.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WKSP. IFP Advisors Inc bought a new stake in Worksport during the first quarter worth $25,000. Two Sigma Advisers LP bought a new stake in shares of Worksport during the 4th quarter worth $29,000. Northern Trust Corp lifted its position in shares of Worksport by 136.1% during the 4th quarter. Northern Trust Corp now owns 39,612 shares of the company’s stock worth $36,000 after buying an additional 22,832 shares during the last quarter. XTX Topco Ltd acquired a new stake in Worksport in the second quarter valued at about $50,000. Finally, Jane Street Group LLC bought a new position in Worksport in the fourth quarter valued at about $79,000. 16.11% of the stock is currently owned by institutional investors and hedge funds.

Worksport Company Profile

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.