Post-earnings recap
Reported
Thu, Aug 6, 2026
EPS actual
$2.16
EPS est.
$2.12
EPS surprise
+2.13%
1-day move
-0.08%
CRA International, Inc. reported earnings that beat expectations on EPS, but there was no revenue data available. The stock reacted slightly down by 0.08%, indicating that investors may have been cautious despite the earnings beat. Without additional context from management commentary or guidance, the market's reaction reflects uncertainty about future performance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.16 | N/A | +2.13% |
| Revenue | N/A | N/A | — |
No transcript is on record, and the analysis is based solely on numerical results.
CRAI International, Inc. provides research and consulting services across various industries. With a market cap of $1 billion, the company plays a vital role in helping businesses make informed decisions, especially in a rapidly changing economic environment.
Last quarter
In Q1-2026, CRAI reported an EPS of $1.99, slightly missing estimates. The stock reacted negatively, dropping 8.86% the following day.
EPS beat streak
1Q
EPS beat rate
75%
Avg EPS surprise
-3.11%
Avg 1-day reaction
+1.12%
Investors are cautiously optimistic about CRAI's upcoming earnings, given its historical performance but are wary after recent misses.
Bull case
If CRAI can beat EPS estimates and show strong revenue growth, it could signal a rebound in client demand and boost investor confidence.
Bear case
A continued trend of missing earnings expectations could lead to further declines in stock price and investor sentiment.
The print will turn on these.
Q1
Will EPS exceed $2.00 this quarter?
A strong EPS figure would indicate improved profitability and could help restore investor confidence after recent misses.
Q2
What is the outlook for revenue growth in the next quarter?
Guidance on revenue growth will be crucial for assessing the company's ability to attract new clients and retain existing ones.
—
Est. EPS
—
Est. Rev
—
Impl. Move
—
Why consensus could be wrong
The Street may be underestimating CRAI's potential for a rebound in EPS, as recent client engagements suggest stronger demand than reflected in current estimates.
Supporting evidence
The options market is pricing in an 18.05% move, indicating higher volatility than usual, which could reflect underlying optimism.
CRAI has a 75% EPS beat rate historically, suggesting that the company often exceeds expectations.
The recent drop in stock price may have created a buying opportunity for investors anticipating a recovery.
Key risk
If CRAI's EPS comes in above $2.00, it could significantly shift market sentiment and expectations.
Pre-commit to what would confirm each case.
This quarter's performance is critical as CRAI seeks to regain momentum after a series of earnings misses.
Bull confirmed if
An EPS of $2.05 or higher would confirm the bull case and suggest a recovery in profitability.
Bear confirmed if
An EPS below $1.90 would confirm the bear case and raise concerns about ongoing profitability challenges.
What the market is pricing for the move.
Implied Move
±18.05%
Historical Avg
±4.9%
The options market is pricing in a significant move, indicating uncertainty about the upcoming earnings report.
Options are pricing ±18.1% while CRAI has averaged ±4.9% over the last 8 prints — setup is pricing rich.
ATM IV
0.5%
30d HV
48.6%
Cross-company pattern from 30 similar setups.
Prior-quarter miss + options pricing rich setup in Industrials
Fade rate: 12 of 30 (40%)
This setup has occurred 30 times across Industrials in the last 2 years. 12 of 30 faded and 18 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 6.2%, with a raw directional average of +1.5% (modestly positive historical bias).
Smart-money positioning from the most recent 13F filings.
Institutional
95.49%
of float
Insider
3.74%
of float
Holders
294
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
643,011 sh · $112.5M
10.24%
8.3%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If CRAI beats expectations, history suggests the stock could rise around 0.1% on the first day, confirming a positive turnaround.
In line / cautious
If results are in line but cautious guidance is provided, the stock may experience muted movement as investors reassess future growth.
Miss
A miss could lead to a decline of about 2.2% based on historical patterns, further impacting investor sentiment.
The lines on the call that would change the story.
FMR, LLC
470,178 sh · $82.3M
7.49%
-17.5%
Vanguard Capital Management LLC
277,242 sh · $48.5M
4.42%
0.1%
Two Sigma Investments, LP
261,679 sh · $45.8M
4.17%
-7.2%
Needham Investment Management, L.L.C.
215,506 sh · $37.7M
3.43%
53.9%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.