Q1 Earnings Estimate for Worksport Issued By HC Wainwright

Worksport Ltd. (NASDAQ:WKSP) – Equities researchers at HC Wainwright issued their Q1 2026 earnings estimates for Worksport in a report issued on Monday, March 30th. HC Wainwright analyst S. Buck forecasts that the company will earn ($0.51) per share for the quarter. The consensus estimate for Worksport’s current full-year earnings is ($0.60) per share. HC Wainwright also issued estimates for Worksport’s Q2 2026 earnings at ($0.29) EPS, Q3 2026 earnings at ($0.15) EPS and Q4 2026 earnings at ($0.20) EPS.

A number of other analysts have also commented on WKSP. Weiss Ratings reissued 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 company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.25.

Worksport Price Performance

Shares of WKSP opened at $1.01 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 2.50 and a debt-to-equity ratio of 0.04. The stock has a market cap of $12.01 million, a PE ratio of -0.31 and a beta of 0.24. Worksport has a 12-month low of $0.90 and a 12-month high of $4.90. The business has a 50-day simple moving average of $1.48 and a two-hundred day simple moving average of $2.32.

Worksport (NASDAQ:WKSP) last released its quarterly earnings data on Thursday, March 26th. The company reported ($0.72) earnings per share 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 net margin of 120.20% and a negative return on equity of 96.64%.

Hedge Funds Weigh In On Worksport

A number of hedge funds and other institutional investors have recently made changes to their positions in WKSP. Armistice Capital LLC acquired a new stake in Worksport during the 4th quarter valued at approximately $2,058,000. Steward Partners Investment Advisory LLC lifted its position in shares of Worksport by 255.0% in 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 during the period. LPL Financial LLC lifted its position in shares of Worksport by 225.2% in 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. Centiva Capital LP bought a new stake in shares of Worksport in the 3rd quarter valued at $63,000. Finally, XTX Topco Ltd bought a new stake in shares of Worksport in the 4th quarter valued at $38,000. 16.11% of the stock is owned by institutional investors and hedge funds.

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.