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 Worksport in a report issued on Thursday, November 12th. HC Wainwright analyst D. Gataulin expects that the company will post earnings of ($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.

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

Worksport Stock Performance

WKSP opened at $0.35 on Friday. The business has a 50 day simple moving average of $0.39 and a two-hundred day simple moving average of $0.85. The company has a quick ratio of 0.72, a current ratio of 3.02 and a debt-to-equity ratio of 0.17. Worksport has a one year low of $0.24 and a one year high of $3.13.

Worksport (NASDAQ:WKSP) last posted its earnings results on Tuesday, November 10th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.23 million for the quarter, compared to analysts’ expectations 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.