Post-earnings recap
Reported
Wed, May 6, 2026
EPS actual
$-0.71
EPS est.
—
EPS surprise
—
1-day move
-4.68%
Icahn Enterprises reported a loss in earnings per share, which contributed to a significant drop in stock price by 4.68%. The absence of revenue figures and management commentary leaves investors with limited insights into the company's performance and future outlook. The market's reaction suggests investor concern over the reported loss.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-0.71 | N/A | — |
| Revenue | — | N/A | — |
No transcript is on record, and the analysis is based solely on numerical results.
Icahn Enterprises L.P. is an industrial conglomerate involved in various sectors, including energy, automotive, and real estate. With a market cap of $5 billion, the company plays a significant role in the industrials sector, which is influenced by trends in consumer spending and economic growth.
Last quarter
In the last quarter (Q4-2025), Icahn Enterprises reported an EPS of $0.00, with the stock rising by 3.04% the following day. The company has struggled with profitability in recent quarters, which may impact investor sentiment.
EPS beat streak
0Q
EPS beat rate
0%
Avg EPS surprise
-137.19%
Avg 1-day reaction
-1.15%
Expectations for Icahn Enterprises are mixed, with uncertainty surrounding its ability to generate consistent profits. Investors will be watching closely for any signs of recovery or continued struggles.
Bull case
If the company can demonstrate improved profitability and revenue growth, it could signal a turnaround, attracting more investor interest.
Bear case
Continued losses or disappointing revenue figures could lead to further declines in stock price, as investors may lose confidence in the company's strategy.
The print will turn on these.
Q1
What will the EPS figure be this quarter, and how does it compare to last quarter?
The EPS result will be crucial in determining whether the company is moving toward profitability or continuing its trend of losses.
Q2
What revenue growth can we expect, especially in key segments?
Revenue growth will indicate the company's ability to attract customers and generate sales, which is vital for its recovery.
—
Est. EPS
$0.01
Est. Rev
$918M
Impl. Move
±9.1%
Why consensus could be wrong
The Street may be underestimating the potential for Icahn Enterprises to recover, as recent cost-cutting measures could yield better-than-expected results.
Supporting evidence
Despite recent losses, the company has a diverse portfolio that could benefit from economic recovery.
The options market suggests a significant move, indicating that investors are anticipating a surprise, either positive or negative.
Key risk
If the EPS comes in above $0.10, it could challenge the current bearish sentiment and shift investor perception.
Pre-commit to what would confirm each case.
This quarter's results will be pivotal in assessing whether Icahn Enterprises can stabilize its financial performance after a series of disappointing earnings.
Bull confirmed if
An EPS of $0.10 or higher would confirm a positive trajectory for the company.
Bear confirmed if
An EPS of -$0.50 or worse would reinforce concerns about ongoing losses.
What the market is pricing for the move.
Implied Move
±11.06%
Historical Avg
±4.1%
The options market is pricing in a significant move of about 11% in either direction, indicating heightened uncertainty ahead of the earnings report.
Options are pricing ±8.6% while IEP has averaged ±4.1% over the last 8 prints — setup is pricing rich.
ATM IV
0.6%
30d HV
17.6%
Smart-money positioning from the most recent 13F filings.
Institutional
94.89%
of float
Insider
0.00%
of float
Holders
130
institutions
Top Holders· as of Jun 2026
Icahn Carl C
618,393,343 sh · $4.1B
86.99%
12.6%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Icahn Enterprises beats expectations, the stock could rise significantly, potentially around 4.67% based on historical patterns, confirming a positive turnaround.
In line / cautious
If results are in line with expectations, the stock may see a muted reaction, as investors remain cautious about the company's future.
Miss
A miss could lead to a decline of approximately 1.55%, as historical trends suggest that the market reacts negatively to earnings misses.
The lines on the call that would change the story.
Morgan Stanley
5,258,581 sh · $35.0M
0.74%
-7.3%
First Trust Advisors LP
885,108 sh · $5.9M
0.12%
10.1%
Susquehanna International Group, LLP
775,176 sh · $5.2M
0.11%
4.6%
Soviero Asset Management, LP
700,000 sh · $4.7M
0.10%
55.6%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.