Equity Profile

MIAX

Miami International Holdings, Inc.

FinancialsFinancial Exchanges & Data$4.1B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Miami International Holdings, Inc. operates in the financial sector, focusing on financial exchanges and data....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of a company's profitability and is closely watched by investors.

N/A

Trading Volume

Higher trading volume can indicate increased investor interest and activity, which may impact revenue.

N/A

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

MIAX Q2-2026 Earnings Preview

Context

Company Snapshot

Miami International Holdings, Inc. operates in the financial sector, focusing on financial exchanges and data. As a key player in this industry, it facilitates trading and provides market data, which is essential for investors and traders looking to make informed decisions.

Earnings Scorecard·Last 3Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+27.04%

Avg Stock Reaction

+2.32%

Last Quarter Recap

In Q1 2026, MIAX reported an EPS of $0.42, surpassing expectations by 17.32%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about MIAX's upcoming earnings report, especially given its strong track record of beating EPS estimates.

Bull Case

If MIAX continues its trend of beating EPS estimates, it could see a positive reaction from the market, potentially leading to increased investor confidence.

Bear Case

Conversely, if MIAX fails to meet expectations or provides weak guidance, it could lead to a significant decline in stock price, especially given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given MIAX's history of beating EPS estimates, this number will be crucial in determining market reaction.

How has trading volume changed compared to previous quarters?

Changes in trading volume can significantly impact revenue and investor sentiment, making it a key focus for this quarter.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating MIAX's ability to maintain strong EPS growth despite potential market volatility. Given its recent performance, MIAX could outperform expectations.

Supporting Evidence

The company has consistently beaten EPS estimates in the past three quarters.

Options pricing suggests a much larger move than historical averages, indicating potential for a surprise.

The lack of recent peer reports may lead to a misjudgment of MIAX's competitive position.

Key Risk

If trading volume shows a significant increase, it could validate a bullish outlook contrary to current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will either reinforce MIAX's growth trajectory or raise concerns about its profitability.

Bull Confirmed If

An EPS of $0.45 or higher would confirm the bull case, indicating continued strong performance.

Bear Confirmed If

An EPS below $0.36 would support the bear case, suggesting potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±18.1%

Historical Avg

±2.35%

Pricing rich

The options market is pricing in a substantial move around the earnings report, indicating that traders expect significant volatility.

Options are pricing a much larger move than the stock has averaged historically, suggesting heightened uncertainty or expectations.

Detail

ATM IV

0.5%

30d HV

38.2%

Calls (20K)P/C Ratio: 0.94Puts (11K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MIAX beats expectations, history suggests a potential stock increase of around 2.32%, confirming ongoing strength.

In-Line / Cautious

An in-line report could lead to a muted reaction, as the market may await further guidance from management.

Miss

If MIAX misses expectations, the average reaction has been a decline, indicating potential investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends compared to previous quarters.
2Management's commentary on market data revenue and its impact on overall performance.
3Insights into competitive positioning within the financial exchange industry.
4Guidance on future EPS expectations and market conditions.
5Any strategic initiatives that could drive growth in the upcoming quarters.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Miami International Holdings, Inc. operates in the financial sector, focusing on financial exchanges and data....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of a company's profitability and is closely watched by investors.

N/A

Trading Volume

Higher trading volume can indicate increased investor interest and activity, which may impact revenue.

N/A

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

MIAX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 3Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+27.04%

Avg Stock Reaction

+2.32%

Last Quarter Recap

In Q1 2026, MIAX reported an EPS of $0.42, surpassing expectations by 17.32%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about MIAX's upcoming earnings report, especially given its strong track record of beating EPS estimates.

Bull Case

If MIAX continues its trend of beating EPS estimates, it could see a positive reaction from the market, potentially leading to increased investor confidence.

Bear Case

Conversely, if MIAX fails to meet expectations or provides weak guidance, it could lead to a significant decline in stock price, especially given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given MIAX's history of beating EPS estimates, this number will be crucial in determining market reaction.

How has trading volume changed compared to previous quarters?

Changes in trading volume can significantly impact revenue and investor sentiment, making it a key focus for this quarter.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating MIAX's ability to maintain strong EPS growth despite potential market volatility. Given its recent performance, MIAX could outperform expectations.

Supporting Evidence

The company has consistently beaten EPS estimates in the past three quarters.

Options pricing suggests a much larger move than historical averages, indicating potential for a surprise.

The lack of recent peer reports may lead to a misjudgment of MIAX's competitive position.

Key Risk

If trading volume shows a significant increase, it could validate a bullish outlook contrary to current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will either reinforce MIAX's growth trajectory or raise concerns about its profitability.

Bull Confirmed If

An EPS of $0.45 or higher would confirm the bull case, indicating continued strong performance.

Bear Confirmed If

An EPS below $0.36 would support the bear case, suggesting potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±18.1%

Historical Avg

±2.35%

Pricing rich

The options market is pricing in a substantial move around the earnings report, indicating that traders expect significant volatility.

Options are pricing a much larger move than the stock has averaged historically, suggesting heightened uncertainty or expectations.

Detail

ATM IV

0.5%

30d HV

38.2%

Calls (20K)P/C Ratio: 0.94Puts (11K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MIAX beats expectations, history suggests a potential stock increase of around 2.32%, confirming ongoing strength.

In-Line / Cautious

An in-line report could lead to a muted reaction, as the market may await further guidance from management.

Miss

If MIAX misses expectations, the average reaction has been a decline, indicating potential investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends compared to previous quarters.
2Management's commentary on market data revenue and its impact on overall performance.
3Insights into competitive positioning within the financial exchange industry.
4Guidance on future EPS expectations and market conditions.
5Any strategic initiatives that could drive growth in the upcoming quarters.