FY2026 EPS Estimates for Worksport Lifted by HC Wainwright

Worksport Ltd. (NASDAQ:WKSP) – Research analysts at HC Wainwright boosted their FY2026 earnings per share estimates for Worksport in a research note issued to investors on Monday, March 30th. HC Wainwright analyst S. Buck now expects that the company will post earnings per share of ($1.15) for the year, up from their previous estimate of ($1.30). The consensus estimate for Worksport’s current full-year earnings is ($0.60) per share.

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

Worksport Stock Performance

NASDAQ WKSP 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 company has a market capitalization of $12.48 million, a PE ratio of -0.33 and a beta of 0.13. The business’s 50-day moving average price is $1.50 and its 200 day moving average price is $2.33. Worksport has a twelve month low of $0.90 and a twelve month high of $4.90.

Worksport (NASDAQ:WKSP) last released its quarterly earnings results on Thursday, March 26th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.17). The firm 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%.

Institutional Investors Weigh In On Worksport

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of Worksport by 11.2% during the second quarter. Geode Capital Management LLC now owns 33,259 shares of the company’s stock worth $94,000 after purchasing an additional 3,338 shares during the period. XTX Topco Ltd acquired a new position in shares of Worksport during the 2nd quarter worth about $50,000. Centiva Capital LP acquired a new stake in shares of Worksport in the third quarter worth $63,000. LPL Financial LLC increased its holdings in shares of Worksport by 225.2% during the 4th quarter. LPL Financial LLC now owns 54,067 shares of the company’s stock worth $115,000 after purchasing an additional 37,440 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Worksport by 255.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,000 shares of the company’s stock valued at $151,000 after purchasing an additional 51,000 shares during the period. 16.11% of the stock is owned by institutional investors.

About Worksport

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.