Post-earnings recap
Reported
Wed, Jul 29, 2026
EPS actual
$0.93
EPS est.
$0.71
EPS surprise
+30.99%
1-day move
-1.54%
Cactus, Inc. reported better-than-expected earnings per share, which indicates strong performance relative to analyst expectations. However, the stock reacted negatively, declining by 1.5%. The lack of revenue data and management commentary may have contributed to investor uncertainty.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.93 | $0.75 | +30.99% |
| Revenue | N/A | $436M | N/A |
No transcript is on record for this earnings call, so the analysis is based solely on the numerical results.
Cactus, Inc. (WHD) operates in the energy sector, specifically focusing on oil and gas equipment and services. With a market cap of $6 billion, the company plays a crucial role in supporting the energy industry, which is currently influenced by fluctuating oil prices and a global push for energy efficiency.
Last quarter
In Q1-2026, Cactus reported an EPS of $0.70, exceeding expectations of $0.65, which resulted in a positive stock reaction of 2.97% the following day. The company has shown a consistent ability to beat EPS estimates in recent quarters.
EPS beat streak
4Q
EPS beat rate
75%
Avg EPS surprise
+7.95%
Avg 1-day reaction
+0.36%
Analysts expect Cactus to report solid earnings this quarter, with a consensus EPS of $0.75 and revenue of $436 million. There is a general optimism due to the company's recent performance exceeding estimates.
Bull case
If Cactus can maintain or exceed the EPS estimate, it may signal strong demand and operational efficiency, potentially leading to a positive stock reaction.
Bear case
Conversely, if the company misses the EPS estimate or shows signs of declining revenue, it could raise concerns about its market position and lead to a negative stock reaction.
Key metrics to watch
EPS
$0.75Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing costs and generating income.
Revenue
$436MRevenue reflects the overall sales performance and demand for Cactus's products and services in the energy sector.
The print will turn on these.
Q1
Will Cactus achieve an EPS of $0.75 or higher?
This number is crucial as it will indicate the company's profitability and efficiency in managing costs, which can significantly impact investor confidence.
Q2
What are the revenue figures for this quarter?
Revenue will provide insights into demand for Cactus's products and services, which is essential for evaluating the company's growth trajectory.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±3.5%
Why consensus could be wrong
While the consensus expects Cactus to meet or exceed EPS estimates, the company’s recent performance suggests that it may be capable of a larger upside, particularly if demand for its services remains strong.
Supporting evidence
Cactus has beaten EPS estimates in 75% of the last eight quarters, indicating a strong operational trend.
The options market is pricing a significant move, suggesting that traders anticipate volatility that may not align with the consensus expectations.
Key risk
If revenue comes in below $420 million, it could undermine the bullish sentiment around the stock.
Pre-commit to what would confirm each case.
This quarter's results will be closely scrutinized to determine if Cactus can sustain its recent performance amid fluctuating energy prices.
Bull confirmed if
An EPS of $0.80 or better would confirm strong operational performance and market demand.
Bear confirmed if
An EPS below $0.70 would raise concerns about profitability and market challenges.
What the market is pricing for the move.
Implied Move
±14.99%
Historical Avg
±2.3%
The options market is pricing in a significant move of nearly 15%, indicating that traders expect volatility around the earnings announcement.
Options are pricing ±15.0% while WHD has averaged ±2.3% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
36.0%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Energy
Fade rate: 7 of 30 (23%)
This setup has occurred 30 times across Energy in the last 2 years. 23 of 30 (77%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.4%, with a raw directional average of -1.5% (modestly negative 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 estimates, history suggests a positive stock reaction of around +1.17%, confirming strong operational performance.
In line / cautious
If results are in line with expectations, the market may react cautiously, leading to a muted response as investors assess future guidance.
Miss
A miss on EPS could lead to a decline of about -0.63%, reflecting investor disappointment and concerns about the company's future.
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.