Equity Profile

FUTU

Futu Holdings Limited

FinancialsInvestment Banking & Brokerage$13.5B

May28Thu

Post-Earnings Recap

ReportedQ1-2026Pre-Market4:00 AM EDT

Futu Holdings Limited Misses on EPS and Revenue, Stock Down 4.82%

Metric	Actual	Expected	Surprise
EPS	$0.77	$26.35	—
Revenue	—	$6.0B	—

management commentary, guidance changes, and full analysis available with Pro.

Futu Holdings Limited Misses on EPS and Revenue, Stock Down 4.82%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.77	$26.35	—
Revenue	—	$6.0B	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Futu Holdings Limited reported disappointing earnings, missing both EPS and revenue expectations. The stock reacted negatively, dropping 4.82%, likely reflecting investor concerns over the significant gap between actual and expected performance. Without management commentary or guidance, uncertainty remains about the company's future direction.

Company Snapshot

Futu Holdings Limited is a financial services company that operates an investment platform, primarily focusing on brokerage services. With a market cap of $16 billion, it plays a significant role in the financial sector, especially as more individuals engage in online trading and investment activities.

Key Metrics to Watch

Earnings Per Share (EPS)

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

$26.35

Revenue

Revenue growth is crucial for assessing the company's ability to attract and retain customers in a competitive market.

$6.0B

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

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

+0.00%

Avg Stock Reaction

-2.63%

Last Quarter Recap

In the last quarter, Futu reported an EPS of $3.07, which did not meet market expectations, leading to a 6.42% drop in stock price the following day. Investors are keen to see if the company can rebound this quarter.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic, expecting Futu to report an EPS of $26.35 and revenue of $6.0 billion. However, the company has faced challenges in meeting past estimates, which could weigh on investor sentiment.

Bull Case

If Futu exceeds expectations, it could signal strong demand for its services and improved operational efficiency, potentially boosting investor confidence and stock price.

Bear Case

Conversely, if the company fails to meet its EPS and revenue targets, it may raise concerns about its growth prospects and competitive position, leading to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$26.35

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

Revenue

$6.0B

Revenue growth is crucial for assessing the company's ability to attract and retain customers in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Futu's EPS exceed the consensus estimate of $26.35?

A beat on EPS could indicate stronger profitability and operational efficiency, which is crucial for restoring investor confidence.

What is the revenue guidance for this quarter compared to the consensus of $6.0 billion?

Revenue performance is critical for assessing the company's growth trajectory and ability to attract new customers.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Futu's potential for revenue growth due to its expanding user base and increased trading activity, which could drive better-than-expected results.

Supporting Evidence

Options are pricing in an 11.58% move, indicating that the market expects significant volatility, which may not align with the actual performance.

The recent drop in stock price may have created a buying opportunity, as the company's fundamentals remain strong.

Key Risk

If revenue exceeds $6.1 billion, it could challenge the current bearish sentiment and shift the narrative around the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it follows a series of mixed results, and the market is eager for signs of recovery.

Bull Confirmed If

Reporting an EPS of $30 or higher would confirm strong profitability and operational success.

Bear Confirmed If

An EPS below $25 would indicate significant challenges in profitability and could lead to a negative market reaction.

Pre-Earnings Positioning

Options Market

Implied Move

±11.58%

Historical Avg

±4.2%

Pricing rich

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

Options are pricing ±6.8% while FUTU has averaged ±4.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.2%

30d HV

123.1%

Calls (3.9M)P/C Ratio: 0.90Puts (2.7M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Futu beats expectations, history suggests the stock could rise by an average of 3.96% 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 as investors await further commentary from management.

Miss

A miss on EPS could lead to a decline of around 3.96%, as seen in past quarters when expectations were not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on user growth and trading volume trends.
2Management's commentary on cost management and operational efficiency.
3Insights into competitive pressures in the brokerage space.
4Guidance on future revenue expectations and strategic initiatives.
5Any changes in regulatory impacts affecting the business.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

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

$26.35

Revenue

Revenue growth is crucial for assessing the company's ability to attract and retain customers in a competitive market.

$6.0B

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

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

+0.00%

Avg Stock Reaction

-2.63%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Futu exceeds expectations, it could signal strong demand for its services and improved operational efficiency, potentially boosting investor confidence and stock price.

Bear Case

Conversely, if the company fails to meet its EPS and revenue targets, it may raise concerns about its growth prospects and competitive position, leading to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$26.35

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

Revenue

$6.0B

Revenue growth is crucial for assessing the company's ability to attract and retain customers in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Futu's EPS exceed the consensus estimate of $26.35?

A beat on EPS could indicate stronger profitability and operational efficiency, which is crucial for restoring investor confidence.

What is the revenue guidance for this quarter compared to the consensus of $6.0 billion?

Revenue performance is critical for assessing the company's growth trajectory and ability to attract new customers.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Futu's potential for revenue growth due to its expanding user base and increased trading activity, which could drive better-than-expected results.

Supporting Evidence

Options are pricing in an 11.58% move, indicating that the market expects significant volatility, which may not align with the actual performance.

The recent drop in stock price may have created a buying opportunity, as the company's fundamentals remain strong.

Key Risk

If revenue exceeds $6.1 billion, it could challenge the current bearish sentiment and shift the narrative around the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it follows a series of mixed results, and the market is eager for signs of recovery.

Bull Confirmed If

Reporting an EPS of $30 or higher would confirm strong profitability and operational success.

Bear Confirmed If

An EPS below $25 would indicate significant challenges in profitability and could lead to a negative market reaction.

Pre-Earnings Positioning

Options Market

Implied Move

±11.58%

Historical Avg

±4.2%

Pricing rich

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

Options are pricing ±6.8% while FUTU has averaged ±4.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.2%

30d HV

123.1%

Calls (3.9M)P/C Ratio: 0.90Puts (2.7M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Futu beats expectations, history suggests the stock could rise by an average of 3.96% 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 as investors await further commentary from management.

Miss

A miss on EPS could lead to a decline of around 3.96%, as seen in past quarters when expectations were not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on user growth and trading volume trends.
2Management's commentary on cost management and operational efficiency.
3Insights into competitive pressures in the brokerage space.
4Guidance on future revenue expectations and strategic initiatives.
5Any changes in regulatory impacts affecting the business.