Equity Profile

CRAI

CRA International, Inc.

IndustrialsResearch & Consulting Services$1.1B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

CRAI International, Inc. is a consulting firm that provides expert analysis and strategic advice across various sectors, including industrials....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, which is vital for its consulting business.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

CRAI Q2-2026 Earnings Preview

Context

Company Snapshot

CRAI International, Inc. is a consulting firm that provides expert analysis and strategic advice across various sectors, including industrials. With a market cap of $1 billion, the company plays a crucial role in helping businesses navigate complex challenges and make informed decisions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-0.53%

Avg Stock Reaction

-0.48%

Last Quarter Recap

In Q1-2026, CRAI reported an EPS of $1.99, slightly missing the estimate of $2.02, which led to an 8.86% drop in stock price the following day. The company continues to face challenges in meeting market expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about CRAI's upcoming earnings report, especially after a series of mixed results in previous quarters. The market is looking for signs of recovery in profitability and revenue growth.

Bull Case

If CRAI can exceed EPS estimates and show strong revenue growth, it could signal a turnaround, boosting investor confidence and stock price.

Bear Case

Conversely, if the company fails to meet expectations again, it may raise concerns about its long-term viability and lead to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the recent trend of missing estimates, the EPS figure will be critical in assessing the company's financial health and investor sentiment.

How is revenue growth trending compared to previous quarters?

Revenue growth is essential for CRAI's consulting business, and any positive signs could indicate a rebound in demand for their services.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating CRAI's potential for a turnaround, as recent performance does not fully reflect the company's strategic initiatives to improve profitability.

Supporting Evidence

The options market is pricing a significant move, indicating that investors expect volatility and potential surprises.

CRAI has historically beaten EPS estimates 75% of the time, suggesting a stronger performance could be on the horizon.

Key Risk

If the EPS comes in above $2.10, it could shift the narrative towards a more favorable outlook for the company.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as CRAI seeks to regain investor confidence after a series of disappointing results.

Bull Confirmed If

An EPS of $2.10 or higher would confirm the bull case, indicating a strong recovery in profitability.

Bear Confirmed If

An EPS below $1.80 would confirm the bear case, raising concerns about the company's ability to generate profits.

Pre-Earnings Positioning

Options Market

Implied Move

±18.05%

Historical Avg

±6.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±18.1% while CRAI has averaged ±6.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

48.6%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Industrials

n=30

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).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CRAI beats expectations, history suggests a potential stock increase of around 0.10%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should the company miss expectations, history suggests a potential decline of around 2.20%, reflecting ongoing concerns about performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client acquisition and retention strategies.
2Insights into market demand for consulting services in the industrial sector.
3Management's outlook on future revenue growth and profitability.
4Details on cost management initiatives and their impact on margins.
5Any commentary on competitive positioning and market trends.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

CRAI International, Inc. is a consulting firm that provides expert analysis and strategic advice across various sectors, including industrials....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, which is vital for its consulting business.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

CRAI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-0.53%

Avg Stock Reaction

-0.48%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If CRAI can exceed EPS estimates and show strong revenue growth, it could signal a turnaround, boosting investor confidence and stock price.

Bear Case

Conversely, if the company fails to meet expectations again, it may raise concerns about its long-term viability and lead to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the recent trend of missing estimates, the EPS figure will be critical in assessing the company's financial health and investor sentiment.

How is revenue growth trending compared to previous quarters?

Revenue growth is essential for CRAI's consulting business, and any positive signs could indicate a rebound in demand for their services.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating CRAI's potential for a turnaround, as recent performance does not fully reflect the company's strategic initiatives to improve profitability.

Supporting Evidence

The options market is pricing a significant move, indicating that investors expect volatility and potential surprises.

CRAI has historically beaten EPS estimates 75% of the time, suggesting a stronger performance could be on the horizon.

Key Risk

If the EPS comes in above $2.10, it could shift the narrative towards a more favorable outlook for the company.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as CRAI seeks to regain investor confidence after a series of disappointing results.

Bull Confirmed If

An EPS of $2.10 or higher would confirm the bull case, indicating a strong recovery in profitability.

Bear Confirmed If

An EPS below $1.80 would confirm the bear case, raising concerns about the company's ability to generate profits.

Pre-Earnings Positioning

Options Market

Implied Move

±18.05%

Historical Avg

±6.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±18.1% while CRAI has averaged ±6.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

48.6%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Industrials

n=30

Fade rate: 12 of 30 (40%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CRAI beats expectations, history suggests a potential stock increase of around 0.10%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should the company miss expectations, history suggests a potential decline of around 2.20%, reflecting ongoing concerns about performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client acquisition and retention strategies.
2Insights into market demand for consulting services in the industrial sector.
3Management's outlook on future revenue growth and profitability.
4Details on cost management initiatives and their impact on margins.
5Any commentary on competitive positioning and market trends.