Equity Profile

WHD

Cactus, Inc.

EnergyOil & Gas Equipment & Services$3.7B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its operations and capture market share in a competitive industry.

N/A

1 more metrics, 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 in oil and gas equipment and services. The company plays a crucial role in supporting the energy industry's infrastructure, which is vital 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, surpassing estimates by 7.69%. The stock reacted positively, gaining nearly 3% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's recent performance and the overall market conditions in the energy sector.

Bull Case

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

Bear Case

Conversely, any signs of declining revenue or increased costs could raise concerns about the company's profitability, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given the company's history of beating EPS estimates, this number will be crucial in determining market sentiment.

What are the management's insights on revenue growth and operating margins?

Understanding revenue trends and cost management will help investors gauge the company's future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Cactus's ability to capitalize on recent increases in energy demand, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Cactus has consistently beaten EPS estimates, indicating potential for continued strong performance.

The options market is pricing in a significant move, suggesting that traders expect volatility that may not align with consensus expectations.

Key Risk

If revenue growth exceeds expectations, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether Cactus can sustain its growth trajectory amid fluctuating energy prices.

Bull Confirmed If

An EPS of $0.75 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.65 would likely confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±14.99%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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)

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 investor confidence in its growth.

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 trigger 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 new contracts or partnerships that could drive revenue growth.
2Management's commentary on cost management and operating efficiencies.
3Insights into market demand for oil and gas services in the upcoming quarters.
4Any guidance on capital expenditures and future investments.
5Discussion on competitive positioning within the energy sector.

See the full picture

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its operations and capture market share in a competitive industry.

N/A

1 more metrics, 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 estimates by 7.69%. The stock reacted positively, gaining nearly 3% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's recent performance and the overall market conditions in the energy sector.

Bull Case

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

Bear Case

Conversely, any signs of declining revenue or increased costs could raise concerns about the company's profitability, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given the company's history of beating EPS estimates, this number will be crucial in determining market sentiment.

What are the management's insights on revenue growth and operating margins?

Understanding revenue trends and cost management will help investors gauge the company's future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Cactus's ability to capitalize on recent increases in energy demand, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Cactus has consistently beaten EPS estimates, indicating potential for continued strong performance.

The options market is pricing in a significant move, suggesting that traders expect volatility that may not align with consensus expectations.

Key Risk

If revenue growth exceeds expectations, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether Cactus can sustain its growth trajectory amid fluctuating energy prices.

Bull Confirmed If

An EPS of $0.75 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.65 would likely confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±14.99%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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)

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 investor confidence in its growth.

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 trigger 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 new contracts or partnerships that could drive revenue growth.
2Management's commentary on cost management and operating efficiencies.
3Insights into market demand for oil and gas services in the upcoming quarters.
4Any guidance on capital expenditures and future investments.
5Discussion on competitive positioning within the energy sector.