Equity Profile

BULL

Webull Corporation

FinancialsInvestment Banking & Brokerage$3.9B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Webull Corporation operates in the financial sector, focusing on investment banking and brokerage services. With a market cap of $4 billion, it plays a significant role in providing trading platforms and financial tools for retail investors, which is increasingly important as more individuals engage in stock trading.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help gauge how well Webull is managing its costs and generating income.

$0.04

User Growth

An increase in active users can indicate growing market share and customer engagement, which is crucial for Webull's future revenue.

N/A

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

BULL Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 5Q

EPS Beat Streak

EPS Beat Rate

60%

Avg EPS Surprise

+136.67%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In Q1-2026, Webull reported an EPS of $0.03, beating estimates by 50%. However, the stock fell 5.44% the following day, indicating market skepticism despite the positive earnings surprise.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Webull's earnings report, given its strong track record of beating EPS estimates. However, the lack of revenue guidance raises concerns about future growth.

Bull Case

If Webull continues its streak of beating EPS estimates and shows strong user growth, it could signal robust demand for its services, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it may lead to a significant sell-off, especially given the recent stock price decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.04

EPS is a key indicator of a company's profitability and will help gauge how well Webull is managing its costs and generating income.

User Growth

N/A

An increase in active users can indicate growing market share and customer engagement, which is crucial for Webull's future revenue.

Trading Volume

N/A

Higher trading volumes can lead to increased revenue from commissions and fees, reflecting the company's operational health.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given Webull's history of beating EPS estimates, the reported EPS will be crucial in determining market sentiment and stock movement.

What is the growth in user engagement and trading volume?

These metrics will provide insight into the company's operational performance and future revenue potential, which are critical for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Webull's ability to maintain user engagement and trading volume despite market fluctuations, as evidenced by its consistent EPS surprises.

Supporting Evidence

Webull has a 100% EPS beat rate over the last five quarters, indicating strong operational performance.

The options market is pricing a 31.52% move, suggesting traders expect significant volatility that may not align with the current consensus.

Recent trading patterns show that the stock has reacted positively to earnings surprises, which may not be fully reflected in current market sentiment.

Key Risk

If user engagement metrics show unexpected growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Webull can sustain its growth trajectory amidst increasing competition and changing market conditions.

Bull Confirmed If

An EPS of $0.04 or higher, along with strong user growth metrics, would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.03 or weak trading volume growth would validate the bearish perspective.

Pre-Earnings Positioning

Options Market

Implied Move

±31.52%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a substantial potential move, indicating that traders are expecting significant volatility around the earnings report.

Options are pricing ±31.5% while BULL has averaged ±3.3% over the last 5 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

45.5%

Calls (3.3M)P/C Ratio: 0.11Puts (771K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Webull beats expectations, history suggests the stock could rise by around 1.85% on the following day, confirming a positive growth outlook.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors reassess their expectations.

Miss

Should Webull miss expectations, the stock could drop significantly, potentially reflecting the average 1-day move of -5.44% seen after previous earnings.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on user growth and engagement metrics.
2Details on trading volume trends and how they compare to previous quarters.
3Management's outlook on market conditions and competitive landscape.
4Insights into new product offerings or services that could drive future growth.
5Any commentary on cost management and profitability strategies.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help gauge how well Webull is managing its costs and generating income.

$0.04

User Growth

An increase in active users can indicate growing market share and customer engagement, which is crucial for Webull's future revenue.

N/A

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

BULL Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 5Q

EPS Beat Streak

EPS Beat Rate

60%

Avg EPS Surprise

+136.67%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In Q1-2026, Webull reported an EPS of $0.03, beating estimates by 50%. However, the stock fell 5.44% the following day, indicating market skepticism despite the positive earnings surprise.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Webull continues its streak of beating EPS estimates and shows strong user growth, it could signal robust demand for its services, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it may lead to a significant sell-off, especially given the recent stock price decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.04

EPS is a key indicator of a company's profitability and will help gauge how well Webull is managing its costs and generating income.

User Growth

N/A

An increase in active users can indicate growing market share and customer engagement, which is crucial for Webull's future revenue.

Trading Volume

N/A

Higher trading volumes can lead to increased revenue from commissions and fees, reflecting the company's operational health.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given Webull's history of beating EPS estimates, the reported EPS will be crucial in determining market sentiment and stock movement.

What is the growth in user engagement and trading volume?

These metrics will provide insight into the company's operational performance and future revenue potential, which are critical for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Webull's ability to maintain user engagement and trading volume despite market fluctuations, as evidenced by its consistent EPS surprises.

Supporting Evidence

Webull has a 100% EPS beat rate over the last five quarters, indicating strong operational performance.

The options market is pricing a 31.52% move, suggesting traders expect significant volatility that may not align with the current consensus.

Recent trading patterns show that the stock has reacted positively to earnings surprises, which may not be fully reflected in current market sentiment.

Key Risk

If user engagement metrics show unexpected growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Webull can sustain its growth trajectory amidst increasing competition and changing market conditions.

Bull Confirmed If

An EPS of $0.04 or higher, along with strong user growth metrics, would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.03 or weak trading volume growth would validate the bearish perspective.

Pre-Earnings Positioning

Options Market

Implied Move

±31.52%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a substantial potential move, indicating that traders are expecting significant volatility around the earnings report.

Options are pricing ±31.5% while BULL has averaged ±3.3% over the last 5 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

45.5%

Calls (3.3M)P/C Ratio: 0.11Puts (771K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Webull beats expectations, history suggests the stock could rise by around 1.85% on the following day, confirming a positive growth outlook.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors reassess their expectations.

Miss

Should Webull miss expectations, the stock could drop significantly, potentially reflecting the average 1-day move of -5.44% seen after previous earnings.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on user growth and engagement metrics.
2Details on trading volume trends and how they compare to previous quarters.
3Management's outlook on market conditions and competitive landscape.
4Insights into new product offerings or services that could drive future growth.
5Any commentary on cost management and profitability strategies.