Equity Profile

FCN

FTI Consulting, Inc.

IndustrialsResearch & Consulting Services$4.2B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

FTI Consulting, Inc. (FCN) operates in the industrials sector, providing research and consulting services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

$2.76

Revenue

Revenue figures will provide insight into the overall demand for FTI's consulting services and its market position.

$1.0B

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

FCN Q2-2026 Earnings Preview

Context

Company Snapshot

FTI Consulting, Inc. (FCN) operates in the industrials sector, providing research and consulting services. The company plays a crucial role in helping organizations navigate complex challenges, particularly in areas like financial disputes and regulatory compliance.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+12.40%

Avg Stock Reaction

-3.16%

Last Quarter Recap

In Q1-2026, FTI Consulting reported an EPS of $1.90, which was below the expected $2.11, resulting in a nearly 10% negative surprise. The stock experienced a slight decline of 0.02% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about FTI Consulting's upcoming earnings, with expectations set for a recovery in EPS and stable revenue. However, the recent earnings miss has raised concerns about the company's ability to meet targets.

Bull Case

If FTI Consulting can exceed the EPS estimate of $2.76, it may signal a strong rebound in profitability and improved operational efficiency, potentially boosting investor confidence.

Bear Case

Conversely, if the company fails to meet expectations again, it could raise doubts about its growth trajectory and ability to adapt to market conditions, leading to further stock price declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.76

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$1.0B

Revenue figures will provide insight into the overall demand for FTI's consulting services and its market position.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will FTI Consulting's EPS exceed the consensus estimate of $2.76?

A beat on EPS would indicate improved profitability and could restore investor confidence after the recent miss.

What insights can management provide about revenue trends in key consulting segments?

Understanding revenue performance will help gauge demand for FTI's services and the overall health of its business.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating FTI's ability to rebound from its recent earnings miss, as the company has historically shown resilience in its consulting segments.

Supporting Evidence

FTI has a strong track record of beating EPS estimates, with a 63% success rate over the last eight quarters.

The options market is pricing a larger move than historical averages, suggesting that traders expect a significant reaction regardless of the outcome.

Key Risk

If FTI's EPS comes in above $2.80, it could challenge the current bearish sentiment and shift market perceptions.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether FTI can recover from its recent earnings miss and demonstrate consistent growth.

Bull Confirmed If

An EPS of $2.80 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.56 would confirm the bear case, suggesting ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.1%

Historical Avg

±5.3%

Pricing rich

The options market is pricing in a significant move of over 17%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±17.1% while FCN has averaged ±5.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.6%

Calls (2K)P/C Ratio: 4.50Puts (900)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FTI beats expectations, history suggests a potential stock increase of around 0.25%, confirming a positive outlook.

In-Line / Cautious

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

Miss

A miss could lead to a decline of approximately 8.85%, reflecting ongoing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth in key consulting segments, especially in financial disputes.
2Management's commentary on cost management strategies and their impact on profitability.
3Insights into client demand trends and how they are adapting to market changes.
4Any new contracts or partnerships that could drive future revenue growth.
5Management's outlook for the remainder of the fiscal year and any guidance on upcoming projects.

See the full picture

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Company Snapshot

FTI Consulting, Inc. (FCN) operates in the industrials sector, providing research and consulting services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

$2.76

Revenue

Revenue figures will provide insight into the overall demand for FTI's consulting services and its market position.

$1.0B

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

FCN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+12.40%

Avg Stock Reaction

-3.16%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If FTI Consulting can exceed the EPS estimate of $2.76, it may signal a strong rebound in profitability and improved operational efficiency, potentially boosting investor confidence.

Bear Case

Conversely, if the company fails to meet expectations again, it could raise doubts about its growth trajectory and ability to adapt to market conditions, leading to further stock price declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.76

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$1.0B

Revenue figures will provide insight into the overall demand for FTI's consulting services and its market position.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will FTI Consulting's EPS exceed the consensus estimate of $2.76?

A beat on EPS would indicate improved profitability and could restore investor confidence after the recent miss.

What insights can management provide about revenue trends in key consulting segments?

Understanding revenue performance will help gauge demand for FTI's services and the overall health of its business.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating FTI's ability to rebound from its recent earnings miss, as the company has historically shown resilience in its consulting segments.

Supporting Evidence

FTI has a strong track record of beating EPS estimates, with a 63% success rate over the last eight quarters.

The options market is pricing a larger move than historical averages, suggesting that traders expect a significant reaction regardless of the outcome.

Key Risk

If FTI's EPS comes in above $2.80, it could challenge the current bearish sentiment and shift market perceptions.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether FTI can recover from its recent earnings miss and demonstrate consistent growth.

Bull Confirmed If

An EPS of $2.80 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.56 would confirm the bear case, suggesting ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.1%

Historical Avg

±5.3%

Pricing rich

The options market is pricing in a significant move of over 17%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±17.1% while FCN has averaged ±5.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.6%

Calls (2K)P/C Ratio: 4.50Puts (900)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FTI beats expectations, history suggests a potential stock increase of around 0.25%, confirming a positive outlook.

In-Line / Cautious

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

Miss

A miss could lead to a decline of approximately 8.85%, reflecting ongoing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth in key consulting segments, especially in financial disputes.
2Management's commentary on cost management strategies and their impact on profitability.
3Insights into client demand trends and how they are adapting to market changes.
4Any new contracts or partnerships that could drive future revenue growth.
5Management's outlook for the remainder of the fiscal year and any guidance on upcoming projects.