Equity Profile

ICL

ICL Group Ltd

MaterialsFertilizers & Agricultural Chemicals$7.2B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

ICL Group Ltd is a materials company focused on fertilizers and agricultural chemicals. With a market cap of $9 billion, it plays a crucial role in the agricultural sector, providing essential nutrients to enhance crop production and support food supply chains.

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market presence and demand for its products.

N/A

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

ICL Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+13.55%

Avg Stock Reaction

+0.18%

Last Quarter Recap

In Q1-2026, ICL reported an EPS of $0.11, beating expectations by 10%. The stock reacted positively, gaining 6.90% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company has a strong track record of beating EPS estimates, but revenue figures remain uncertain.

Bull Case

If ICL continues its trend of beating EPS estimates, it could signal strong operational efficiency and market demand, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be critical in determining market sentiment.

How is revenue growth trending compared to previous quarters?

Investors will closely watch revenue growth to gauge demand for ICL's products and overall market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ICL's ability to leverage recent agricultural demand trends, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

ICL has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

Recent agricultural trends indicate increased demand for fertilizers, which ICL is well-positioned to capitalize on.

Key Risk

If revenue growth significantly outpaces expectations, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will either reinforce the company's growth trajectory or highlight emerging challenges.

Bull Confirmed If

An EPS of $0.12 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.10 would confirm the bear case, suggesting potential issues in demand or cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±14.39%

Historical Avg

±4.6%

Pricing rich

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

Options are pricing ±23.7% while ICL has averaged ±4.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

43.4%

Calls (10K)P/C Ratio: 0.07Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ICL beats expectations, history suggests a potential stock increase of around +0.29%, confirming operational strength.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of around -0.66%, as it would raise concerns about the company's ability to maintain profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth trends compared to previous quarters.
2Management's outlook on agricultural demand and pricing for fertilizers.
3Details on cost management strategies and their impact on margins.
4Insights into market conditions and competitive landscape.
5Any commentary on new product developments or innovations.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market presence and demand for its products.

N/A

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

ICL Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+13.55%

Avg Stock Reaction

+0.18%

Last Quarter Recap

In Q1-2026, ICL reported an EPS of $0.11, beating expectations by 10%. The stock reacted positively, gaining 6.90% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company has a strong track record of beating EPS estimates, but revenue figures remain uncertain.

Bull Case

If ICL continues its trend of beating EPS estimates, it could signal strong operational efficiency and market demand, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be critical in determining market sentiment.

How is revenue growth trending compared to previous quarters?

Investors will closely watch revenue growth to gauge demand for ICL's products and overall market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ICL's ability to leverage recent agricultural demand trends, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

ICL has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

Recent agricultural trends indicate increased demand for fertilizers, which ICL is well-positioned to capitalize on.

Key Risk

If revenue growth significantly outpaces expectations, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will either reinforce the company's growth trajectory or highlight emerging challenges.

Bull Confirmed If

An EPS of $0.12 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.10 would confirm the bear case, suggesting potential issues in demand or cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±14.39%

Historical Avg

±4.6%

Pricing rich

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

Options are pricing ±23.7% while ICL has averaged ±4.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

43.4%

Calls (10K)P/C Ratio: 0.07Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ICL beats expectations, history suggests a potential stock increase of around +0.29%, confirming operational strength.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of around -0.66%, as it would raise concerns about the company's ability to maintain profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth trends compared to previous quarters.
2Management's outlook on agricultural demand and pricing for fertilizers.
3Details on cost management strategies and their impact on margins.
4Insights into market conditions and competitive landscape.
5Any commentary on new product developments or innovations.