Pre-earnings brief
Reports
Thu, Nov 5, 2026
Est. EPS
—
Est. revenue
—
Implied move
±10.1%
EPS beat rate
75%
—
Est. EPS
$-0.50
Est. Rev
$257M
Impl. Move
±8.7%
CRAI International, Inc. is a consulting firm that provides expert analysis and solutions across various industries, including energy, healthcare, and finance. With a market cap of $1 billion, CRAI plays a crucial role in helping businesses navigate complex challenges and optimize their operations.
Last quarter
In Q2 2026, CRAI reported an EPS of $2.16, slightly beating expectations. However, the stock reacted modestly, declining by 0.08% the following day.
Management promises and guidance
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 report, especially after a slight EPS beat last quarter. However, concerns remain about revenue growth and client retention.
Bull case
If CRAI can demonstrate strong revenue growth and maintain high client retention, it could signal robust demand for its consulting services, leading to a positive stock reaction.
Bear case
Conversely, if the company fails to meet EPS expectations or shows signs of declining client engagement, it could lead to negative sentiment and a drop in stock price.
Key metrics to watch
Earnings Per Share (EPS)
Expected to be around $2.12.EPS is a key indicator of the company's profitability and financial health, which investors closely watch.
Revenue Growth
Not available.Revenue growth reflects the company's ability to expand its client base and increase sales, which is vital for long-term success.
The print will turn on these.
Q1
What is the expected EPS for Q3-2026?
A clear EPS figure will help investors gauge the company's profitability and set expectations for future performance.
Q2
How has client retention changed over the last quarter?
Understanding client retention trends will provide insight into the company's ongoing demand and customer satisfaction.
Why consensus could be wrong
The Street may be underestimating CRAI's ability to leverage its recent investments in technology for enhanced consulting services, which could drive higher revenue growth.
Supporting evidence
The company has a strong track record of beating EPS estimates, with a 75% success rate.
Recent investments in technology are expected to yield significant returns, potentially boosting revenue.
The options market is pricing in a larger move than historical averages, indicating heightened expectations.
Key risk
If client retention rates show improvement, it could challenge the current cautious outlook.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it will reflect the company's ability to maintain profitability and client relationships amidst market challenges.
Bull confirmed if
An EPS of $2.12 or higher would confirm the bull case, indicating strong profitability.
Bear confirmed if
An EPS below $2.00 would confirm the bear case, raising concerns about profitability.
What the market is pricing for the move.
Implied Move
±10.13%
Historical Avg
±4.9%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.
Options are pricing ±10.1% while CRAI has averaged ±4.9% over the last 8 prints — setup is pricing rich.
30d HV
29.9%
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 by around 2.23%, confirming positive market sentiment.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further guidance.
Miss
If CRAI misses expectations, history suggests a potential decline of about 2.20%, reflecting investor disappointment.
The lines on the call that would change the story.
Client Retention Rate
Not available.A high client retention rate indicates strong customer satisfaction and loyalty, which are crucial for a consulting firm.
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.