HC Wainwright Estimates Worksport FY2026 Earnings

Worksport Ltd. (NASDAQ:WKSP) – Analysts at HC Wainwright issued their FY2026 EPS estimates for Worksport in a research note issued on Friday, May 16th. HC Wainwright analyst S. Buck expects that the company will post earnings per share of ($2.03) for the year. HC Wainwright has a “Buy” rating and a $11.50 price objective on the stock. The consensus estimate for Worksport’s current full-year earnings is ($0.60) per share.

Worksport (NASDAQ:WKSP) last released its quarterly earnings data on Thursday, May 15th. The company reported ($1.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($1.05). Worksport had a negative net margin of 242.68% and a negative return on equity of 85.53%. The company had revenue of $2.24 million for the quarter, compared to analysts’ expectations of $3.72 million.

WKSP has been the subject of several other research reports. Alliance Global Partners restated a “buy” rating on shares of Worksport in a report on Tuesday, March 18th. Industrial Alliance Securities set a $17.50 price target on shares of Worksport in a research report on Monday, March 3rd.

Worksport Stock Down 11.5%

Shares of NASDAQ:WKSP opened at $2.93 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 2.96. Worksport has a 52-week low of $2.44 and a 52-week high of $12.00. The business’s 50 day simple moving average is $3.29 and its two-hundred day simple moving average is $6.34. The firm has a market cap of $14.45 million, a P/E ratio of -4.44 and a beta of 2.01.

Institutional Trading of Worksport

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of Worksport during the fourth quarter valued at approximately $73,000. Geode Capital Management LLC lifted its stake in Worksport by 15.6% during the 4th quarter. Geode Capital Management LLC now owns 273,419 shares of the company’s stock valued at $252,000 after acquiring an additional 36,847 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Worksport during the 4th quarter worth $397,000. Two Sigma Securities LLC grew its stake in shares of Worksport by 483.7% in the 4th quarter. Two Sigma Securities LLC now owns 91,564 shares of the company’s stock worth $84,000 after acquiring an additional 75,878 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Worksport by 136.1% in the 4th quarter. Northern Trust Corp now owns 39,612 shares of the company’s stock worth $36,000 after acquiring an additional 22,832 shares in the last quarter. 16.11% of the stock is owned by hedge funds and other institutional investors.

About Worksport

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.