Worksport Q4 EPS $(0.19) Beats $(0.24) Estimate, Sales $839.37K Miss $1.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Worksport (NASDAQ:WKSP) reported Q4 earnings with a loss of $(0.19) per share, beating the $(0.24) estimate, and sales of $839.37K, missing the $1.20M estimate. Year-over-year, this represents a 5% decrease in loss per share and a significant 2.05K% increase in sales.
March 29, 2024 | 4:59 am
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Worksport reported a smaller-than-expected Q4 loss per share and a significant year-over-year sales increase, despite missing sales estimates.
The better-than-expected loss per share could positively impact investor sentiment, potentially leading to a short-term price increase. However, missing the sales estimate might temper some of the positive momentum. The significant year-over-year sales growth indicates strong business growth, which could further support the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100