Equity Profile

STN

Stantec Inc.

IndustrialsConstruction & Engineering$8.4B

Aug14Fri

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Stantec Inc. is a leading company in the construction and engineering sector, focusing on design and consulting services....

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its business and capture market share in the construction and engineering industry.

N/A

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

STN Q2-2026 Earnings Preview

Context

Company Snapshot

Stantec Inc. is a leading company in the construction and engineering sector, focusing on design and consulting services. With a market cap of $9 billion, it plays a significant role in infrastructure development, which is crucial for economic growth and sustainability.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+3.51%

Avg Stock Reaction

+0.28%

Last Quarter Recap

In Q1 2026, Stantec reported an EPS of $0.97, slightly beating expectations. However, the stock dropped 6.46% the following day, indicating market concerns despite the positive surprise.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, the market is cautious ahead of Stantec's earnings report, given the mixed performance in previous quarters. Investors are looking for signs of consistent growth and profitability.

Bull Case

If Stantec can showcase strong revenue growth and a solid project backlog, it could signal a robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company reports disappointing earnings or weak guidance, it could raise concerns about its ability to sustain growth, resulting in a negative impact on the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the projected revenue growth for the upcoming quarters?

Revenue growth will be a key indicator of Stantec's market position and ability to secure new projects, which is crucial for investor confidence.

How does the current project backlog compare to previous quarters?

A strong project backlog will indicate future revenue potential and demand for Stantec's services, which is vital for assessing long-term growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Stantec's potential for revenue growth due to a strong project pipeline that has not been fully recognized in analyst estimates.

Supporting Evidence

The company's recent project wins indicate a robust demand that could drive revenue higher than expected.

Options pricing suggests a significant move, indicating that traders anticipate volatility that could favor a positive outcome.

Key Risk

If the project backlog shows significant growth, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Stantec's ability to maintain growth against potential industry headwinds, making these metrics critical.

Bull Confirmed If

Demonstrating revenue growth of at least 10% year-over-year would confirm the bull case.

Bear Confirmed If

Reporting a decline in project backlog or negative revenue growth would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.77%

Historical Avg

±3.0%

Pricing rich

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

Options are pricing ±10.8% while STN has averaged ±3.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

40.0%

Calls (300)P/C Ratio: 0.50Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 7 of 24 (29%)

This setup has occurred 30 times across Industrials in the last 2 years. 17 of 24 (71%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +2.2% (modestly positive historical bias).

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

79.71%

of float

Insider

0.07%

of float

Holders

586

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
4,966,062 sh · $443.6M
4.35%
1.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Stantec beats expectations, history suggests a potential stock increase of around 1.02%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of about 1.95%, as investors react negatively to disappointing performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new project wins and their expected impact on revenue.
2Details on cost management strategies and their effect on profit margins.
3Any commentary on market conditions and demand trends in the construction sector.
4Insights into geographic expansion and new service offerings.
5Management's outlook on future earnings and project timelines.

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Company Snapshot

Stantec Inc. is a leading company in the construction and engineering sector, focusing on design and consulting services....

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its business and capture market share in the construction and engineering industry.

N/A

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

STN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+3.51%

Avg Stock Reaction

+0.28%

Last Quarter Recap

In Q1 2026, Stantec reported an EPS of $0.97, slightly beating expectations. However, the stock dropped 6.46% the following day, indicating market concerns despite the positive surprise.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, the market is cautious ahead of Stantec's earnings report, given the mixed performance in previous quarters. Investors are looking for signs of consistent growth and profitability.

Bull Case

If Stantec can showcase strong revenue growth and a solid project backlog, it could signal a robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company reports disappointing earnings or weak guidance, it could raise concerns about its ability to sustain growth, resulting in a negative impact on the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the projected revenue growth for the upcoming quarters?

Revenue growth will be a key indicator of Stantec's market position and ability to secure new projects, which is crucial for investor confidence.

How does the current project backlog compare to previous quarters?

A strong project backlog will indicate future revenue potential and demand for Stantec's services, which is vital for assessing long-term growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Stantec's potential for revenue growth due to a strong project pipeline that has not been fully recognized in analyst estimates.

Supporting Evidence

The company's recent project wins indicate a robust demand that could drive revenue higher than expected.

Options pricing suggests a significant move, indicating that traders anticipate volatility that could favor a positive outcome.

Key Risk

If the project backlog shows significant growth, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Stantec's ability to maintain growth against potential industry headwinds, making these metrics critical.

Bull Confirmed If

Demonstrating revenue growth of at least 10% year-over-year would confirm the bull case.

Bear Confirmed If

Reporting a decline in project backlog or negative revenue growth would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.77%

Historical Avg

±3.0%

Pricing rich

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

Options are pricing ±10.8% while STN has averaged ±3.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

40.0%

Calls (300)P/C Ratio: 0.50Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 7 of 24 (29%)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

79.71%

of float

Insider

0.07%

of float

Holders

586

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
4,966,062 sh · $443.6M
4.35%
1.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Stantec beats expectations, history suggests a potential stock increase of around 1.02%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of about 1.95%, as investors react negatively to disappointing performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new project wins and their expected impact on revenue.
2Details on cost management strategies and their effect on profit margins.
3Any commentary on market conditions and demand trends in the construction sector.
4Insights into geographic expansion and new service offerings.
5Management's outlook on future earnings and project timelines.