Equity Profile

OWL

Blue Owl Capital Inc.

FinancialsAsset Management & Custody Banks$6.3B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Blue Owl Capital Inc. operates in the financial sector, focusing on asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors will closely watch this quarter.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets that Blue Owl manages, indicating growth potential and investor confidence.

N/A

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

OWL Q2-2026 Earnings Preview

Context

Company Snapshot

Blue Owl Capital Inc. operates in the financial sector, focusing on asset management and custody banking. With a market cap of $6 billion, it plays a crucial role in managing investments and providing financial services, which are essential as investors seek stable returns in a fluctuating market.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-23.04%

Avg Stock Reaction

-2.00%

Last Quarter Recap

In Q1 2026, Blue Owl reported an EPS of $0.02, significantly missing estimates of $0.19, which led to a 9.80% increase in stock price the following day. The company continues to face challenges in meeting earnings expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautious ahead of the earnings report, especially after the significant EPS miss last quarter. There is uncertainty about whether the company can rebound and meet or exceed expectations this time.

Bull Case

If Blue Owl can show a strong recovery in EPS and AUM, it may signal improved operational efficiency and investor confidence, leading to a positive market reaction.

Bear Case

Conversely, another earnings miss could raise concerns about the company's growth strategy and financial health, potentially leading to a decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given the significant miss last quarter, the market will closely scrutinize EPS to gauge the company's recovery and profitability.

How much has AUM changed since last quarter?

AUM growth is critical for Blue Owl's future revenue potential, and any significant changes will impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Blue Owl's ability to rebound from last quarter's miss, as operational improvements could lead to better-than-expected results.

Supporting Evidence

Options are pricing a 9.61% move, indicating heightened expectations for volatility that may not align with actual performance.

The company's historical ability to recover from misses suggests that the current pessimism may be overblown.

Key Risk

If AUM shows significant growth, it could challenge the current bearish sentiment and lead to a positive reassessment of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on whether Blue Owl can demonstrate a turnaround in earnings and asset management capabilities.

Bull Confirmed If

A recovery in EPS to at least $0.10 would confirm the bull case, indicating improved operational performance.

Bear Confirmed If

An EPS below $0.02 would confirm the bear case, raising concerns about the company's ability to generate profits.

Pre-Earnings Positioning

Options Market

Implied Move

±9.61%

Historical Avg

±4.4%

Pricing rich

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

Options are pricing ±9.6% while OWL has averaged ±4.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

49.3%

Calls (590K)P/C Ratio: 0.80Puts (326K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Blue Owl beats expectations, history suggests the stock could see a modest increase, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may remain relatively stable, but cautious commentary could lead to a slight decline.

Miss

If the company misses again, history suggests a potential decline in stock price, reflecting ongoing concerns about its financial health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on AUM growth and its impact on revenue.
2Management's commentary on cost management and operational efficiency.
3Insights into market conditions affecting asset management.
4Details on client retention and new client acquisition strategies.
5Any forward-looking statements regarding guidance for the next quarter.

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

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Company Snapshot

Blue Owl Capital Inc. operates in the financial sector, focusing on asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors will closely watch this quarter.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets that Blue Owl manages, indicating growth potential and investor confidence.

N/A

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

OWL Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-23.04%

Avg Stock Reaction

-2.00%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Blue Owl can show a strong recovery in EPS and AUM, it may signal improved operational efficiency and investor confidence, leading to a positive market reaction.

Bear Case

Conversely, another earnings miss could raise concerns about the company's growth strategy and financial health, potentially leading to a decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given the significant miss last quarter, the market will closely scrutinize EPS to gauge the company's recovery and profitability.

How much has AUM changed since last quarter?

AUM growth is critical for Blue Owl's future revenue potential, and any significant changes will impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Blue Owl's ability to rebound from last quarter's miss, as operational improvements could lead to better-than-expected results.

Supporting Evidence

Options are pricing a 9.61% move, indicating heightened expectations for volatility that may not align with actual performance.

The company's historical ability to recover from misses suggests that the current pessimism may be overblown.

Key Risk

If AUM shows significant growth, it could challenge the current bearish sentiment and lead to a positive reassessment of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on whether Blue Owl can demonstrate a turnaround in earnings and asset management capabilities.

Bull Confirmed If

A recovery in EPS to at least $0.10 would confirm the bull case, indicating improved operational performance.

Bear Confirmed If

An EPS below $0.02 would confirm the bear case, raising concerns about the company's ability to generate profits.

Pre-Earnings Positioning

Options Market

Implied Move

±9.61%

Historical Avg

±4.4%

Pricing rich

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

Options are pricing ±9.6% while OWL has averaged ±4.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

49.3%

Calls (590K)P/C Ratio: 0.80Puts (326K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Blue Owl beats expectations, history suggests the stock could see a modest increase, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may remain relatively stable, but cautious commentary could lead to a slight decline.

Miss

If the company misses again, history suggests a potential decline in stock price, reflecting ongoing concerns about its financial health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on AUM growth and its impact on revenue.
2Management's commentary on cost management and operational efficiency.
3Insights into market conditions affecting asset management.
4Details on client retention and new client acquisition strategies.
5Any forward-looking statements regarding guidance for the next quarter.