Q1 Earnings Estimate for Worksport Issued By HC Wainwright

Worksport Ltd. (NASDAQ:WKSP) – Analysts at HC Wainwright issued their Q1 2026 earnings per share (EPS) estimates for shares of Worksport in a research report issued to clients and investors on Monday, March 30th. HC Wainwright analyst S. Buck expects that the company will post earnings per share of ($0.51) 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.

Several other research firms have also issued reports on WKSP. Maxim Group set a $3.00 target price on Worksport in a research note on Friday, February 13th. Weiss Ratings reissued 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, Worksport presently has a consensus rating of “Hold” and an average price target of $7.25.

Worksport Stock Up 10.5%

Shares of NASDAQ WKSP opened at $1.05 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.50 and a quick ratio of 1.08. Worksport has a 1 year low of $0.90 and a 1 year high of $4.90. The stock has a market capitalization of $12.48 million, a P/E ratio of -0.33 and a beta of 0.13. The company has a 50-day moving average price of $1.50 and a 200-day moving average price of $2.33.

Worksport (NASDAQ:WKSP) last issued its earnings results on Thursday, March 26th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.17). The business had revenue of $4.74 million during the quarter, compared to the consensus estimate of $8.90 million. Worksport had a negative return on equity of 96.64% and a negative net margin of 120.20%.

Hedge Funds Weigh In On Worksport

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake 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 valued at $94,000 after acquiring an additional 3,338 shares during the last quarter. XTX Topco Ltd purchased a new stake in Worksport in the 2nd quarter worth approximately $50,000. Centiva Capital LP bought a new stake in shares of Worksport in the 3rd quarter worth approximately $63,000. LPL Financial LLC increased its stake in shares of Worksport by 225.2% during the fourth quarter. LPL Financial LLC now owns 54,067 shares of the company’s stock valued at $115,000 after buying an additional 37,440 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings 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 acquiring an additional 51,000 shares in the last quarter. Hedge funds and other institutional investors own 16.11% of the company’s stock.

Worksport Company Profile

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.