FY2026 EPS Estimates for Worksport Boosted by HC Wainwright

Worksport Ltd. (NASDAQ:WKSP) – Investment analysts at HC Wainwright boosted their FY2026 earnings estimates for shares of Worksport in a report issued on Monday, March 30th. HC Wainwright analyst S. Buck now forecasts that the company will earn ($1.15) per share for the year, up from their prior estimate of ($1.30). The consensus estimate for Worksport’s current full-year earnings is ($0.60) per share.

Worksport (NASDAQ:WKSP) last released its earnings results on Thursday, March 26th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.17). The business had revenue of $4.74 million for the quarter, compared to analyst estimates of $8.90 million. Worksport had a negative return on equity of 96.64% and a negative net margin of 120.20%.

Several other equities research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Worksport in a research note on Monday, December 22nd. Maxim Group set a $3.00 price objective on Worksport in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.25.

Worksport Price Performance

Worksport stock opened at $1.05 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 1.08 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.48 million, a P/E ratio of -0.33 and a beta of 0.13. The business has a 50-day moving average of $1.50 and a 200-day moving average of $2.33. Worksport has a 1 year low of $0.90 and a 1 year high of $4.90.

Institutional Trading of Worksport

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Armistice Capital LLC acquired a new position in Worksport during the fourth quarter valued at approximately $2,058,000. Steward Partners Investment Advisory LLC raised its stake in shares of Worksport by 255.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,000 shares of the company’s stock worth $151,000 after purchasing an additional 51,000 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Worksport by 225.2% in the 4th quarter. LPL Financial LLC now owns 54,067 shares of the company’s stock valued at $115,000 after purchasing an additional 37,440 shares during the period. Centiva Capital LP acquired a new stake in Worksport during the 3rd quarter valued at $63,000. Finally, XTX Topco Ltd bought a new position in Worksport during the fourth quarter worth $38,000. Institutional investors own 16.11% of the company’s stock.

Worksport Company Profile

Worksport Ltd. is an Israeli-based designer, developer and global supplier of innovative automotive accessories, with a primary focus on pickup truck bed covers. The company’s core offerings include a range of hard and soft tonneau covers under brands such as ROLL, FLEXIT and SOLAR, engineered to provide truck owners with enhanced utility, security and weather protection. Worksport leverages advanced polymer materials and patented folding mechanisms to deliver lightweight, durable solutions that are easy to install and operate.

In recent years, Worksport has expanded its product portfolio to incorporate solar technology, introducing integrated solar tonneau covers capable of generating power for auxiliary truck systems or charging batteries for recreational and off-grid applications.