Brokers Offer Predictions for Worksport FY2026 Earnings

Worksport Ltd. (NASDAQ:WKSP) – Equities researchers at HC Wainwright issued their FY2026 EPS estimates for shares of Worksport in a research report issued on Friday, May 16th. HC Wainwright analyst S. Buck anticipates that the company will post earnings per share of ($2.03) for the year. HC Wainwright currently 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 issued its quarterly earnings data on Thursday, May 15th. The company reported ($1.05) 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 business had revenue of $2.24 million during the quarter, compared to analysts’ expectations of $3.72 million.

A number of other equities analysts have also recently commented on WKSP. Industrial Alliance Securities set a $17.50 price objective on shares of Worksport in a research note on Monday, March 3rd. Alliance Global Partners restated a “buy” rating on shares of Worksport in a report on Tuesday, March 18th.

Worksport Stock Performance

Shares of NASDAQ:WKSP opened at $2.79 on Monday. Worksport has a 52 week low of $2.44 and a 52 week high of $12.00. The stock has a market capitalization of $13.76 million, a P/E ratio of -4.23 and a beta of 2.01. The firm has a fifty day simple moving average of $3.22 and a two-hundred day simple moving average of $6.31. The company has a quick ratio of 0.91, a current ratio of 2.96 and a debt-to-equity ratio of 0.31.

Institutional Investors Weigh In On Worksport

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WKSP. IFP Advisors Inc bought a new stake in Worksport during the 1st quarter valued at about $25,000. Two Sigma Advisers LP bought a new stake in Worksport during the 4th quarter valued at about $29,000. Northern Trust Corp lifted its holdings in Worksport by 136.1% during the 4th quarter. Northern Trust Corp now owns 39,612 shares of the company’s stock valued at $36,000 after buying an additional 22,832 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Worksport in the 4th quarter valued at about $73,000. Finally, Jane Street Group LLC bought a new stake in shares of Worksport in the 4th quarter valued at about $79,000. Institutional investors own 16.11% of the company’s stock.

Worksport Company Profile

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.