Q1 Earnings Estimate for Worksport Issued By HC Wainwright

Worksport Ltd. (NASDAQ:WKSP) – Equities researchers at HC Wainwright issued their Q1 2027 EPS estimates for shares of Worksport in a note issued to investors on Thursday, November 12th. HC Wainwright analyst D. Gataulin forecasts that the company will earn ($0.15) per share for the quarter. HC Wainwright currently has a “Buy” rating on the stock. HC Wainwright also issued estimates for Worksport’s Q2 2027 earnings at ($0.14) EPS, Q3 2027 earnings at ($0.11) EPS, Q4 2027 earnings at ($0.11) EPS, FY2027 earnings at ($0.51) EPS and FY2028 earnings at ($0.21) EPS.

Several other equities analysts have also issued reports on the stock. Wall Street Zen lowered shares of Worksport from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Worksport in a research note on Friday, October 2nd. Finally, Maxim Group lowered Worksport from a “buy” rating to a “hold” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.00.

Worksport Trading Up 25.9%

Shares of WKSP opened at $0.35 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.72 and a current ratio of 3.02. Worksport has a fifty-two week low of $0.24 and a fifty-two week high of $3.13. The firm’s 50-day simple moving average is $0.39 and its two-hundred day simple moving average is $0.85.

Worksport (NASDAQ:WKSP) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.02). Worksport had a negative return on equity of 97.20% and a negative net margin of 95.65%. The business had revenue of $7.23 million during the quarter, compared to the consensus estimate of $7.24 million.

About Worksport

Worksport Ltd. (NASDAQ: WKSP) develops and manufactures tonneau covers and related products for pickup trucks. Its covers are designed to protect cargo, improve vehicle utility, and provide an alternative to conventional truck-bed coverings. The company serves the automotive aftermarket and targets owners of pickup trucks across North America. Worksport’s product portfolio includes hard and soft folding tonneau covers, including its COR line of hard-shell covers. The company is also developing SOLIS, a solar-integrated tonneau cover designed to generate electricity from sunlight, and COR battery-related products intended to store and supply portable power.