Worksport FY2026 EPS Forecast Boosted by HC Wainwright

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

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

Worksport Stock Down 1.8%

Shares of NASDAQ WKSP opened at $0.99 on Wednesday. The stock has a market cap of $11.80 million, a PE ratio of -0.31 and a beta of 0.24. The company has a current ratio of 2.50, a quick ratio of 1.08 and a debt-to-equity ratio of 0.04. Worksport has a 12-month low of $0.90 and a 12-month high of $4.90. The company has a 50-day moving average of $1.46 and a 200 day moving average of $2.31.

Worksport (NASDAQ:WKSP) last posted its quarterly earnings results 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 business had revenue of $4.74 million during the quarter, compared to analysts’ expectations 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 hedge funds and other institutional investors have recently bought and sold shares of WKSP. Geode Capital Management LLC raised its stake in 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. Armistice Capital LLC purchased a new stake in shares of Worksport in the 4th quarter valued at approximately $2,058,000. Steward Partners Investment Advisory LLC grew its stake 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 valued at $151,000 after buying an additional 51,000 shares during the period. 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 buying an additional 37,440 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Worksport during the 3rd quarter valued at approximately $63,000. 16.11% of the stock is currently 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.