Post-earnings recap
Reported
Thu, Jul 30, 2026
EPS actual
$2.16
EPS est.
$2.09
EPS surprise
+3.35%
1-day move
-3.74%
FTI Consulting's earnings report showed a significant miss on EPS, which likely contributed to the stock's decline of 3.74%. Investors were expecting stronger performance, and the lack of revenue data adds uncertainty. Overall, the results may raise concerns about the company's financial health moving forward.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.16 | $2.76 | -21.7% |
| Revenue | — | $1.0B | — |
No transcript is on record, and the analysis is based on numerical results only.
FTI Consulting, Inc. (FCN) operates in the research and consulting services sector, providing expert advice to businesses facing complex challenges. With a market cap of $4 billion, the company plays a crucial role in helping organizations navigate legal, financial, and operational issues, which is particularly relevant in today's dynamic economic environment.
Last quarter
In Q1-2026, FTI Consulting reported an EPS of $1.90, falling short of the expected $2.11, resulting in a nearly 10% surprise. The stock experienced a slight decline of 0.02% the following day.
EPS beat streak
1Q
EPS beat rate
63%
Avg EPS surprise
+10.36%
Avg 1-day reaction
-3.37%
Analysts are cautiously optimistic about FTI Consulting's upcoming earnings, with expectations set for an EPS of $2.76 and revenue of $1.0 billion. The company has a mixed earnings history, which adds to the uncertainty.
Bull case
If FTI Consulting exceeds earnings expectations, it could signal strong demand for its consulting services and improved operational efficiency, potentially boosting investor confidence.
Bear case
Conversely, if the company misses its earnings targets again, it may raise concerns about its growth prospects and ability to adapt to market challenges, leading to a negative reaction from investors.
Key metrics to watch
EPS
$2.76Earnings per share is a key indicator of profitability and reflects the company's ability to generate profit for shareholders.
Revenue
$1.0BRevenue figures provide insight into the company's overall sales performance and market demand for its consulting services.
The print will turn on these.
Q1
Will FTI Consulting achieve an EPS of $2.76 or higher?
This number is critical as it will indicate the company's ability to recover from previous earnings misses and meet investor expectations.
Q2
What insights will management provide regarding revenue growth and demand for consulting services?
Understanding revenue trends will help investors gauge the company's market position and future growth potential.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±7.0%
Why consensus could be wrong
The consensus may underestimate the potential for FTI Consulting to rebound from its previous earnings miss, as the company has historically shown strong recovery patterns following similar situations.
Supporting evidence
The company has a 63% EPS beat rate, suggesting a solid chance of exceeding expectations.
Options pricing indicates a significant move, reflecting uncertainty that could be resolved positively.
Past performance shows that when FTI Consulting beats expectations, the stock tends to react positively.
Key risk
If the EPS comes in below $2.56, it could undermine the bullish sentiment and validate concerns about the company's growth trajectory.
Pre-commit to what would confirm each case.
The upcoming earnings report is pivotal for FTI Consulting, as it follows a pattern of mixed results and will test the company's ability to deliver consistent growth.
Bull confirmed if
An EPS of $2.76 or higher, with revenue exceeding $1.0 billion, would confirm the bull case.
Bear confirmed if
An EPS below $2.56 would support the bear case.
What the market is pricing for the move.
Implied Move
±17.14%
Historical Avg
±5.5%
The options market is pricing in a significant potential move in either direction, indicating heightened uncertainty surrounding the earnings report.
Options are pricing ±17.1% while FCN has averaged ±5.5% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
36.6%
Smart-money positioning from the most recent 13F filings.
Institutional
113.18%
of float
Insider
2.16%
of float
Holders
506
institutions
Top Holders· as of Jun 2026
Kayne Anderson Rudnick Investment Management LLC
3,001,740 sh · $413.4M
10.87%
-7.8%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If FTI Consulting beats expectations, history suggests the stock could rise by around 0.25% on the following day, confirming a positive outlook.
In line / cautious
If results are in line with expectations, the stock may experience a muted reaction, reflecting ongoing caution among investors.
Miss
A miss could lead to a decline of approximately 8.85% in the stock price, as seen in past performance.
The lines on the call that would change the story.
Blackrock Inc.
2,739,429 sh · $377.3M
9.92%
-0.6%
Price (T.Rowe) Associates Inc
1,976,549 sh · $272.2M
7.16%
68.3%
Victory Capital Management Inc.
1,473,854 sh · $203.0M
5.34%
-8.0%
Vanguard Capital Management LLC
1,356,818 sh · $186.9M
4.91%
-0.5%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.