Worksport (WKSP) Expected to Announce Earnings on Wednesday

Worksport (NASDAQ:WKSP) is expected to release its Q2 2025 earnings data before the market opens on Wednesday, August 13th. Analysts expect Worksport to post earnings of ($0.79) per share and revenue of $3.61 million for the quarter.

Worksport (NASDAQ:WKSP) last released its quarterly earnings results on Thursday, May 15th. The company reported ($1.05) EPS for the quarter, meeting the consensus estimate of ($1.05). The firm had revenue of $2.24 million for the quarter, compared to analyst estimates of $3.72 million. Worksport had a negative net margin of 165.61% and a negative return on equity of 92.59%. On average, analysts expect Worksport to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Worksport Stock Up 2.3%

Shares of NASDAQ WKSP opened at $3.58 on Monday. The firm has a market cap of $18.62 million, a price-to-earnings ratio of -0.54 and a beta of 2.00. The company has a quick ratio of 1.63, a current ratio of 3.26 and a debt-to-equity ratio of 0.13. Worksport has a 52-week low of $2.44 and a 52-week high of $12.00. The business’s 50 day moving average is $3.41 and its two-hundred day moving average is $4.38.

Hedge Funds Weigh In On Worksport

An institutional investor recently raised its position in Worksport stock. Geode Capital Management LLC grew its holdings in Worksport Ltd. (NASDAQ:WKSP) by 11.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 33,259 shares of the company’s stock after buying an additional 3,338 shares during the period. Geode Capital Management LLC owned 0.64% of Worksport worth $94,000 at the end of the most recent reporting period. Institutional investors own 16.11% of the company’s stock.

Analysts Set New Price Targets

WKSP has been the subject of several research reports. Maxim Group dropped their price target on shares of Worksport from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, May 20th. HC Wainwright restated a “buy” rating and issued a $11.50 price target on shares of Worksport in a research note on Friday, May 16th.

Worksport Company Profile

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.