Worksport (WKSP) to Release Earnings on Wednesday

Worksport (NASDAQ:WKSP) will likely be releasing its Q1 2026 results after the market closes on Wednesday, May 13th. Analysts expect Worksport to post earnings of ($0.51) per share and revenue of $5.3280 million for the quarter. Interested persons may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Wednesday, May 13, 2026 at 4:30 PM ET.

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

Worksport Stock Performance

Shares of NASDAQ WKSP opened at $1.00 on Tuesday. The firm’s fifty day moving average is $1.14 and its two-hundred day moving average is $1.88. Worksport has a 52-week low of $0.83 and a 52-week high of $4.90. The company has a market cap of $11.89 million, a P/E ratio of -0.31 and a beta of 0.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.08 and a current ratio of 2.50.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WKSP. Maxim Group set a $3.00 price objective on Worksport in a research report on Friday, February 13th. Wall Street Zen upgraded Worksport from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Worksport in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.25.

Insider Buying and Selling at Worksport

In other news, CEO Steven F. Rossi acquired 88,214 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was purchased at an average price of $0.85 per share, for a total transaction of $74,981.90. Following the completion of the transaction, the chief executive officer directly owned 2,614,085 shares in the company, valued at approximately $2,221,972.25. This trade represents a 3.49% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.82% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Armistice Capital LLC purchased a new position in Worksport in the fourth quarter worth about $2,058,000. Steward Partners Investment Advisory LLC grew its position in Worksport by 255.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,000 shares of the company’s stock worth $151,000 after acquiring an additional 51,000 shares in the last quarter. Geode Capital Management LLC grew its position in Worksport by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 68,205 shares of the company’s stock worth $145,000 after acquiring an additional 12,779 shares in the last quarter. LPL Financial LLC grew its position in Worksport by 225.2% in the fourth quarter. LPL Financial LLC now owns 54,067 shares of the company’s stock worth $115,000 after acquiring an additional 37,440 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in Worksport in the third quarter worth about $63,000. Hedge funds and other institutional investors own 16.11% of the company’s stock.

About Worksport

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.