Equity Profile

WHD

Cactus, Inc.

EnergyOil & Gas Equipment & Services$3.9B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, specifically focusing on oil and gas equipment and services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales, which is vital for sustaining operations and funding future growth.

N/A

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

WHD Q2-2026 Earnings Preview

Context

Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, specifically focusing on oil and gas equipment and services. As a key player in this industry, the company provides essential products and services that support oil and gas exploration and production, making it significant amid ongoing discussions about energy supply and sustainability.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+6.04%

Avg Stock Reaction

+0.72%

Last Quarter Recap

In Q1 2026, Cactus reported an EPS of $0.70, surpassing expectations by 7.69%. The stock reacted positively, gaining 2.97% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Cactus's upcoming earnings, especially given its recent performance exceeding EPS estimates.

Bull Case

If Cactus continues its trend of beating EPS estimates, it could signal strong operational efficiency and market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be crucial for determining market sentiment and stock movement.

How has revenue changed compared to previous quarters?

Understanding revenue trends will provide insights into the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Cactus's ability to capitalize on rising oil prices, which could lead to better-than-expected revenue growth this quarter.

Supporting Evidence

Cactus has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a larger move than historical averages suggest, indicating potential for significant surprises.

Key Risk

If revenue growth exceeds expectations, it could challenge current bearish sentiments.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as investors look for signs of sustained growth and profitability in a fluctuating energy market.

Bull Confirmed If

An EPS of $0.75 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.65 would indicate potential issues with profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±14.99%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty about the upcoming earnings report.

Options are pricing ±15.0% while WHD has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.0%

Calls (2K)P/C Ratio: 0.04Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

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).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cactus beats expectations, history suggests a potential stock increase of around 1.17%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 0.63%, reflecting disappointment in the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or partnerships that could impact revenue.
2Management's outlook on oil prices and their effect on operations.
3Insights into cost management strategies and their impact on margins.
4Details on market demand for Cactus's products and services.
5Any commentary on competitive pressures in the oil and gas equipment sector.

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Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, specifically focusing on oil and gas equipment and services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales, which is vital for sustaining operations and funding future growth.

N/A

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

WHD Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+6.04%

Avg Stock Reaction

+0.72%

Last Quarter Recap

In Q1 2026, Cactus reported an EPS of $0.70, surpassing expectations by 7.69%. The stock reacted positively, gaining 2.97% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Cactus's upcoming earnings, especially given its recent performance exceeding EPS estimates.

Bull Case

If Cactus continues its trend of beating EPS estimates, it could signal strong operational efficiency and market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be crucial for determining market sentiment and stock movement.

How has revenue changed compared to previous quarters?

Understanding revenue trends will provide insights into the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Cactus's ability to capitalize on rising oil prices, which could lead to better-than-expected revenue growth this quarter.

Supporting Evidence

Cactus has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a larger move than historical averages suggest, indicating potential for significant surprises.

Key Risk

If revenue growth exceeds expectations, it could challenge current bearish sentiments.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as investors look for signs of sustained growth and profitability in a fluctuating energy market.

Bull Confirmed If

An EPS of $0.75 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.65 would indicate potential issues with profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±14.99%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty about the upcoming earnings report.

Options are pricing ±15.0% while WHD has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.0%

Calls (2K)P/C Ratio: 0.04Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 7 of 30 (23%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cactus beats expectations, history suggests a potential stock increase of around 1.17%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 0.63%, reflecting disappointment in the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or partnerships that could impact revenue.
2Management's outlook on oil prices and their effect on operations.
3Insights into cost management strategies and their impact on margins.
4Details on market demand for Cactus's products and services.
5Any commentary on competitive pressures in the oil and gas equipment sector.