Worksport Ltd reports results for the quarter ended June 30 - Earnings Summary

Reuters
2025.08.13 13:31
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Worksport LtdQ) reported a quarterly adjusted loss of 71 cents per share for the quarter ended June 30, an improvement from a loss of $1.50 in the same quarter last year. Revenue increased by 113.6% to $4.10 million, surpassing analyst expectations of $3.89 million. The average analyst rating remains "buy" with a median 12-month price target of $11.50, indicating a potential upside of 67.1% from the last closing price of $3.78. The company reported a total quarterly loss of $3.73 million.

  • Worksport Ltd (WKSP.OQ) reported a quarterly adjusted loss of 71 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.50. The mean expectation of three analysts for the quarter was for a loss of 83 cents per share. Wall Street expected results to range from -91 cents to -76 cents per share.
  • Revenue rose 113.6% to $4.10 million from a year ago; analysts expected $3.89 million.
  • Worksport Ltd’s reported EPS for the quarter was a loss of 71 cents​.
  • The company reported a quarterly loss of $3.73 million.
  • Worksport Ltd shares had risen by 33.6% this quarter and lost 58.9% so far this year. FORECAST CHANGES
  • The mean earnings estimate of analysts had fallen by about 6.1% in the last three months.​
  • In the last 30 days, there have been no negative revisions of earnings estimates RECOMMENDATIONS
  • The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 3 “strong buy” or “buy,” no “hold” and no “sell” or “strong sell.” The average consensus recommendation for the business support services peer group is also “buy”
  • Wall Street’s median 12-month price target for Worksport Ltd is $11.50, about 67.1% above its last closing price of $3.78 This summary was machine generated from LSEG data August 13 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Jun. 30 2025 -0.83 -0.71 Beat

Mar. 31 2025 -0.96 -1.05 Missed

Dec. 31 2024 -1.28 -1.14 Beat

Sep. 30 2024 -1.30 -1.40 Missed

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