Post-earnings recap
Reported
Thu, May 7, 2026
EPS actual
$0.70
EPS est.
$0.65
EPS surprise
+7.69%
1-day move
+2.97%
Cactus, Inc. reported better-than-expected earnings per share for the first quarter of 2026, which contributed to a positive stock reaction, with shares rising nearly 3%. However, revenue figures were not disclosed, leaving some uncertainty about overall sales performance. The lack of additional guidance or commentary from management may lead investors to remain cautious as they await further information.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.70 | $0.67 | +7.69% |
| Revenue | — | $381M | — |
No transcript is on record for this earnings call, so the analysis is based solely on numerical results.
Cactus, Inc. (WHD) operates in the energy sector, focusing on oil and gas equipment and services. As the demand for energy continues to evolve, Cactus plays a crucial role in providing the necessary tools and services to support oil and gas production.
Last quarter
In the last quarter, Cactus reported an EPS of $0.65, exceeding expectations by 13%. However, the stock experienced a slight decline the following day.
EPS beat streak
4Q
EPS beat rate
75%
Avg EPS surprise
+7.95%
Avg 1-day reaction
+0.36%
Analysts expect Cactus to report a solid quarter with an EPS of $0.67 and revenue of $381M. The market is closely watching for any surprises.
Bull case
If Cactus delivers better-than-expected earnings and shows strong demand for its products, it could drive the stock higher, especially given its recent history of beating estimates.
Bear case
Conversely, if the company misses earnings expectations or provides weak guidance, it could lead to a significant drop in the stock price, as seen in previous quarters.
Key metrics to watch
EPS
$0.67Earnings per share is a key indicator of profitability, and investors will be looking for a solid performance relative to expectations.
Revenue
$381MRevenue figures will provide insight into the company's sales performance and overall market demand for its services.
The print will turn on these.
Q1
Will Cactus report an EPS above $0.67?
A beat on EPS could indicate strong operational performance and boost investor confidence.
Q2
What guidance will Cactus provide for future revenue?
Future revenue guidance will be critical for assessing the company's growth prospects and market demand.
—
Est. EPS
$0.01
Est. Rev
$918M
Impl. Move
±9.1%
Why consensus could be wrong
The Street may be underestimating Cactus's ability to capitalize on rising energy demand, particularly in niche markets where it has a competitive edge.
Supporting evidence
Cactus has consistently beaten EPS estimates, suggesting stronger operational performance than anticipated.
The options market indicates a significant expected move, which may reflect underlying bullish sentiment not captured in consensus estimates.
Key risk
If Cactus's revenue exceeds $385M, it could challenge current bearish sentiment and shift market expectations.
Pre-commit to what would confirm each case.
The market is debating whether Cactus can maintain its growth trajectory amid fluctuating energy prices.
Bull confirmed if
An EPS of $0.70 or higher would confirm the bull case and suggest strong demand.
Bear confirmed if
An EPS below $0.60 would confirm the bear case, indicating potential issues in demand or pricing.
What the market is pricing for the move.
Implied Move
±5.73%
Historical Avg
±2.3%
The options market is pricing in a larger-than-usual move, suggesting that investors are anticipating significant volatility around the earnings report.
Options are pricing ±5.6% while WHD has averaged ±2.3% over the last 8 prints — setup is pricing rich.
ATM IV
0.5%
30d HV
28.7%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Energy
Fade rate: 3 of 12 (25%)
This setup has occurred 30 times across Energy in the last 2 years. 9 of 12 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 2.2%, with a raw directional average of +1.4% (modestly positive historical bias).
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$12.4M
200,000 sh
2 insiders
Net
$12.4M
Net selling
Most Active Insiders· 2 open-market trades
$6.2M
Net selling
Smart-money positioning from the most recent 13F filings.
Institutional
112.41%
of float
Insider
0.97%
of float
Holders
452
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
10,664,798 sh · $672.9M
15.29%
4.5%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Cactus beats expectations, history suggests the stock could rise by about 0.64%, confirming positive market sentiment.
In line / cautious
If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future guidance.
Miss
A miss could lead to a decline of around 0.63%, as investors reassess the company's growth outlook.
The lines on the call that would change the story.
$6.2M
Net selling
Recent Transactions
Oct 1, 2026 · @ $61.97
100,000 sh
$6.2M
Oct 1, 2026 · @ $61.97
100,000 sh
$6.2M
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Boston Partners
4,589,743 sh · $289.6M
6.58%
100.0%
Vanguard Portfolio Management LLC
4,264,459 sh · $269.1M
6.12%
2.4%
State Street Corporation
3,151,022 sh · $198.8M
4.52%
3.6%
Vanguard Capital Management LLC
3,123,681 sh · $197.1M
4.48%
1.6%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.