Worksport (WKSP) Expected to Announce Quarterly Earnings on Wednesday

Worksport (NASDAQ:WKSP) is projected to announce its Q1 2026 results after the market closes on Wednesday, May 13th. Analysts expect the company to announce earnings of ($0.51) per share and revenue of $5.3280 million for the quarter. Investors can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Wednesday, May 13, 2026 at 4:30 PM ET.

Worksport (NASDAQ:WKSP) last announced 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). Worksport had a negative return on equity of 96.64% and a negative net margin of 120.20%.The business had revenue of $4.74 million during the quarter, compared to analysts’ expectations of $8.90 million.

Worksport Price Performance

Shares of NASDAQ WKSP opened at $1.06 on Monday. Worksport has a twelve month low of $0.83 and a twelve month high of $4.90. The stock’s 50 day moving average price is $1.16 and its 200-day moving average price is $1.91. The company has a market capitalization of $12.60 million, a PE ratio of -0.33 and a beta of 0.35. The company has a quick ratio of 1.08, a current ratio of 2.50 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling

In other news, CEO Steven F. Rossi acquired 88,214 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were acquired at an average price of $0.85 per share, for a total transaction of $74,981.90. Following the completion of the purchase, the chief executive officer owned 2,614,085 shares in the company, valued at approximately $2,221,972.25. This trade represents a 3.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 7.82% of the company’s stock.

Hedge Funds Weigh In On Worksport

Several institutional investors have recently bought and sold shares of WKSP. Geode Capital Management LLC raised its holdings in Worksport by 11.2% during the 2nd 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 period. State Street Corp bought a new stake in Worksport during the 4th quarter valued at $34,000. XTX Topco Ltd bought a new stake in Worksport during the 2nd quarter valued at $50,000. Centiva Capital LP bought a new stake in Worksport during the 3rd quarter valued at $63,000. Finally, LPL Financial LLC raised its holdings in Worksport by 225.2% during the 4th quarter. LPL Financial LLC now owns 54,067 shares of the company’s stock valued at $115,000 after acquiring an additional 37,440 shares during the period. Hedge funds and other institutional investors own 16.11% of the company’s stock.

Analysts Set New Price Targets

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

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.