Worksport (WKSP) Expected to Release Quarterly Earnings on Tuesday

Worksport (NASDAQ:WKSP) is expected to announce its Q2 2026 results after the market closes on Tuesday, August 11th. Analysts expect the company to announce earnings of ($0.44) per share and revenue of $4.50 million for the quarter. Parties may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Tuesday, August 11, 2026 at 4:30 PM ET.

Worksport (NASDAQ:WKSP) last released its earnings results on Wednesday, May 13th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.03). The firm had revenue of $3.31 million during the quarter, compared to analysts’ expectations of $5.33 million. Worksport had a negative net margin of 120.65% and a negative return on equity of 103.67%.

Worksport Trading Up 4.5%

Shares of NASDAQ:WKSP traded up $0.03 during trading on Tuesday, reaching $0.71. The stock had a trading volume of 214,745 shares, compared to its average volume of 2,617,740. The company has a quick ratio of 0.27, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $10.89 million, a P/E ratio of -0.26 and a beta of 0.22. The business has a fifty day moving average price of $0.76 and a 200-day moving average price of $1.14. Worksport has a fifty-two week low of $0.57 and a fifty-two week high of $4.30.

Analysts Set New Price Targets

Several analysts have commented on WKSP shares. Wall Street Zen raised shares of Worksport from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Maxim Group set a $2.00 price target on Worksport and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Worksport in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Worksport has an average rating of “Hold” and a consensus target price of $6.75.

Insiders Place Their Bets

In related news, CEO Steven F. Rossi purchased 79,618 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average price of $0.63 per share, for a total transaction of $50,159.34. Following the acquisition, the chief executive officer directly owned 2,693,703 shares in the company, valued at $1,697,032.89. This trade represents a 3.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 5.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp purchased a new stake in Worksport during the fourth quarter valued at about $34,000. XTX Topco Ltd acquired a new position in shares of Worksport in the 4th quarter valued at about $38,000. Centiva Capital LP acquired a new position in shares of Worksport in the 3rd quarter valued at about $63,000. Geode Capital Management LLC increased its position in Worksport by 11.2% during the 2nd quarter. Geode Capital Management LLC now owns 33,259 shares of the company’s stock worth $94,000 after purchasing an additional 3,338 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Worksport by 225.2% in 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. Institutional investors and hedge funds 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.