Worksport Ltd reports results for the quarter ended December 31 - Earnings Summary

• Worksport Ltd WKSP.OQ reported a quarterly adjusted loss of $1.14​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-1.90. The mean expectation of three analysts for the quarter was for a loss of $1.28 per share. Wall Street expected results to range from $-1.40 to $-1.13 per share.

• Revenue rose 248.8% to $2.93 million from a year ago; analysts expected $2.91 million.

• Worksport Ltd's reported EPS for the quarter was a loss of $1.14​.

• The company reported a quarterly loss of $4.3 million.

• Worksport Ltd shares had fallen by 60.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.1% in the last three months.​

• In the last 30 days, two analysts negatively revised 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 $12.50

This summary was machine generated from LSEG data March 27 at 01:30 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)