Equity Profile

WHD

Cactus, Inc.

EnergyOil & Gas Equipment & Services$5.8B

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

EPS

Earnings per share is a critical indicator of the company's profitability and financial health.

$0.75

Revenue

Total revenue reflects the company's ability to generate sales and is vital for assessing growth.

$436M

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, which are crucial for meeting global energy demands.

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, exceeding expectations by 7.69%. The stock responded positively, gaining nearly 3% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Cactus to report solid earnings this quarter, with a consensus EPS of $0.75. Investors are closely watching for any signs of growth in revenue amidst fluctuating oil prices.

Bull Case

If Cactus can exceed the EPS estimate and show strong revenue growth, it may indicate robust demand for its products, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company falls short of earnings expectations or shows signs of declining revenue, it could raise concerns about its market position and lead to a drop in stock value.

Key Metrics to Watch

EPS

$0.75

Earnings per share is a critical indicator of the company's profitability and financial health.

Revenue

$436M

Total revenue reflects the company's ability to generate sales and is vital for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Cactus achieve an EPS of $0.75 or higher?

This specific EPS target is crucial for investor confidence and could influence stock performance significantly.

What revenue growth can Cactus report this quarter?

Revenue growth is essential for assessing the company's market demand and overall health in a volatile energy sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent operational efficiencies that could drive higher margins, leading to an EPS surprise.

Supporting Evidence

Cactus has consistently beaten EPS estimates in the past, with a 75% beat rate over the last eight quarters.

The options market is pricing a significant move, indicating that traders expect a larger reaction than historical averages suggest.

Key Risk

If Cactus reports an EPS below $0.70, it could invalidate the positive sentiment surrounding its operational improvements.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is under scrutiny as investors weigh the impact of oil price fluctuations on Cactus's financial health.

Bull Confirmed If

An EPS of $0.80 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.70 would raise concerns about profitability and market demand.

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, suggesting that traders expect volatility around the 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 strong demand and operational efficiency.

In-Line / Cautious

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

Miss

A miss on earnings could lead to a decline of approximately 0.63%, reflecting investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies that could impact margins.
2Insights into demand trends for oil and gas equipment.
3Management's outlook on oil prices and their potential impact on future revenue.
4Details on any new contracts or partnerships that could drive growth.
5Guidance on expected revenue growth for the upcoming quarters.

See the full picture

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

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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

EPS

Earnings per share is a critical indicator of the company's profitability and financial health.

$0.75

Revenue

Total revenue reflects the company's ability to generate sales and is vital for assessing growth.

$436M

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, exceeding expectations by 7.69%. The stock responded positively, gaining nearly 3% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Cactus to report solid earnings this quarter, with a consensus EPS of $0.75. Investors are closely watching for any signs of growth in revenue amidst fluctuating oil prices.

Bull Case

If Cactus can exceed the EPS estimate and show strong revenue growth, it may indicate robust demand for its products, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company falls short of earnings expectations or shows signs of declining revenue, it could raise concerns about its market position and lead to a drop in stock value.

Key Metrics to Watch

EPS

$0.75

Earnings per share is a critical indicator of the company's profitability and financial health.

Revenue

$436M

Total revenue reflects the company's ability to generate sales and is vital for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Cactus achieve an EPS of $0.75 or higher?

This specific EPS target is crucial for investor confidence and could influence stock performance significantly.

What revenue growth can Cactus report this quarter?

Revenue growth is essential for assessing the company's market demand and overall health in a volatile energy sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent operational efficiencies that could drive higher margins, leading to an EPS surprise.

Supporting Evidence

Cactus has consistently beaten EPS estimates in the past, with a 75% beat rate over the last eight quarters.

The options market is pricing a significant move, indicating that traders expect a larger reaction than historical averages suggest.

Key Risk

If Cactus reports an EPS below $0.70, it could invalidate the positive sentiment surrounding its operational improvements.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is under scrutiny as investors weigh the impact of oil price fluctuations on Cactus's financial health.

Bull Confirmed If

An EPS of $0.80 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.70 would raise concerns about profitability and market demand.

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, suggesting that traders expect volatility around the 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 strong demand and operational efficiency.

In-Line / Cautious

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

Miss

A miss on earnings could lead to a decline of approximately 0.63%, reflecting investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies that could impact margins.
2Insights into demand trends for oil and gas equipment.
3Management's outlook on oil prices and their potential impact on future revenue.
4Details on any new contracts or partnerships that could drive growth.
5Guidance on expected revenue growth for the upcoming quarters.