Equity Profile

CRAI

CRA International, Inc.

IndustrialsResearch & Consulting Services$1.1B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

CRAI International, Inc. is a consulting firm that provides expert analysis and research services across various industries....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key 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 expand its business and attract clients, which is crucial for its long-term success.

N/A

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

CRAI Q2-2026 Earnings Preview

Context

Company Snapshot

CRAI International, Inc. is a consulting firm that provides expert analysis and research services across various industries. With a market cap of $1 billion, the company plays a significant role in helping businesses navigate complex challenges, particularly in sectors like industrials, where data-driven insights are increasingly vital.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-0.53%

Avg Stock Reaction

-0.48%

Last Quarter Recap

In Q1 2026, CRAI reported an EPS of $1.99, slightly missing the estimate of $2.02, which led to an 8.86% decline in stock price the following day. This performance raised concerns about the company's ability to meet growth expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of CRAI's Q2 2026 earnings report, especially given the company's historical tendency to beat EPS estimates. However, the recent miss has created some uncertainty about future performance.

Bull Case

If CRAI can exceed EPS expectations and demonstrate strong revenue growth, it could signal a recovery in client demand and boost investor confidence.

Bear Case

Conversely, if the company misses expectations again, it could indicate deeper issues with client retention or market demand, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CRAI's EPS exceed $2.00 this quarter?

A strong EPS figure would indicate that the company is regaining momentum and can effectively manage costs and client demands.

What are the revenue growth expectations for the upcoming quarters?

Understanding revenue growth will provide insights into the company's market position and ability to attract new clients.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating CRAI's potential for recovery, as recent operational changes could lead to improved client engagement and project wins.

Supporting Evidence

CRAI has historically beaten EPS estimates 75% of the time, suggesting potential for a positive surprise.

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

The company's recent operational adjustments may not yet be fully reflected in analyst forecasts.

Key Risk

If CRAI's revenue shows unexpected growth, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as CRAI seeks to recover from a recent earnings miss and demonstrate its ability to grow in a competitive consulting landscape.

Bull Confirmed If

Earnings exceeding $2.00 per share with a clear indication of revenue growth would confirm the bull case.

Bear Confirmed If

An EPS below $1.90 or stagnant revenue growth would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±18.05%

Historical Avg

±6.5%

Pricing rich

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

Options are pricing ±18.1% while CRAI has averaged ±6.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

48.6%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CRAI beats expectations, history suggests the stock could rise by an average of 0.10%, confirming a positive outlook for the company.

In-Line / Cautious

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

Miss

A miss could lead to a decline of around 2.20%, reflecting ongoing concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on client retention rates and new project wins.
2Any commentary on market demand trends in the consulting sector.
3Insights into cost management strategies and their impact on profitability.
4Guidance on expected revenue growth for the next quarter.
5Details on any significant contracts or partnerships that may influence future earnings.

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Company Snapshot

CRAI International, Inc. is a consulting firm that provides expert analysis and research services across various industries....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key 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 expand its business and attract clients, which is crucial for its long-term success.

N/A

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

CRAI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-0.53%

Avg Stock Reaction

-0.48%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If CRAI can exceed EPS expectations and demonstrate strong revenue growth, it could signal a recovery in client demand and boost investor confidence.

Bear Case

Conversely, if the company misses expectations again, it could indicate deeper issues with client retention or market demand, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CRAI's EPS exceed $2.00 this quarter?

A strong EPS figure would indicate that the company is regaining momentum and can effectively manage costs and client demands.

What are the revenue growth expectations for the upcoming quarters?

Understanding revenue growth will provide insights into the company's market position and ability to attract new clients.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating CRAI's potential for recovery, as recent operational changes could lead to improved client engagement and project wins.

Supporting Evidence

CRAI has historically beaten EPS estimates 75% of the time, suggesting potential for a positive surprise.

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

The company's recent operational adjustments may not yet be fully reflected in analyst forecasts.

Key Risk

If CRAI's revenue shows unexpected growth, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as CRAI seeks to recover from a recent earnings miss and demonstrate its ability to grow in a competitive consulting landscape.

Bull Confirmed If

Earnings exceeding $2.00 per share with a clear indication of revenue growth would confirm the bull case.

Bear Confirmed If

An EPS below $1.90 or stagnant revenue growth would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±18.05%

Historical Avg

±6.5%

Pricing rich

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

Options are pricing ±18.1% while CRAI has averaged ±6.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

48.6%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CRAI beats expectations, history suggests the stock could rise by an average of 0.10%, confirming a positive outlook for the company.

In-Line / Cautious

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

Miss

A miss could lead to a decline of around 2.20%, reflecting ongoing concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on client retention rates and new project wins.
2Any commentary on market demand trends in the consulting sector.
3Insights into cost management strategies and their impact on profitability.
4Guidance on expected revenue growth for the next quarter.
5Details on any significant contracts or partnerships that may influence future earnings.