Analysts Issue Forecasts for Worksport FY2024 Earnings

Worksport Ltd. (NASDAQ:WKSP) – Research analysts at HC Wainwright issued their FY2024 earnings per share (EPS) estimates for shares of Worksport in a research report issued on Thursday, January 23rd. HC Wainwright analyst S. Buck forecasts that the company will earn ($0.60) per share for the year. HC Wainwright currently has a “Buy” rating and a $1.50 price objective on the stock. HC Wainwright also issued estimates for Worksport’s Q4 2024 earnings at ($0.14) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.42) EPS.

Separately, Alliance Global Partners initiated coverage on Worksport in a research note on Monday, December 23rd. They issued a “buy” rating and a $2.00 price objective on the stock.

Worksport Price Performance

Worksport stock opened at $0.99 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 2.96. The company has a market cap of $32.61 million, a price-to-earnings ratio of -1.50 and a beta of 0.47. The firm has a 50 day moving average price of $0.82 and a 200 day moving average price of $0.69. Worksport has a 1 year low of $0.36 and a 1 year high of $1.54.

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.