Equity Profile

FCN

FTI Consulting, Inc.

IndustrialsResearch & Consulting Services$4.2B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

FTI Consulting, Inc. (FCN) is a global consulting firm that provides expertise in various sectors, including finance, legal, and technology....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$2.76

Revenue

Revenue figures will provide insight into the overall demand for FTI's consulting services and its growth trajectory.

$1.0B

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

FCN Q2-2026 Earnings Preview

Context

Company Snapshot

FTI Consulting, Inc. (FCN) is a global consulting firm that provides expertise in various sectors, including finance, legal, and technology. With a market cap of $4 billion, the company plays a crucial role in helping businesses navigate complex challenges and improve their operational efficiency.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+12.40%

Avg Stock Reaction

-3.16%

Last Quarter Recap

In Q1-2026, FTI Consulting reported an EPS of $1.90, which was below the expected $2.11, resulting in a nearly 10% negative surprise. The stock experienced a slight decline of 0.02% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about FTI's upcoming earnings, with expectations set for an EPS of $2.76 and revenue of $1.0 billion. The market is closely watching for signs of recovery after a disappointing previous quarter.

Bull Case

If FTI can beat the EPS estimate and show strong revenue growth, it may signal a rebound in demand for consulting services, boosting investor confidence.

Bear Case

Conversely, if the company misses expectations again, it could raise concerns about its ability to maintain profitability and growth in a competitive market.

Key Metrics to Watch

EPS

$2.76

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$1.0B

Revenue figures will provide insight into the overall demand for FTI's consulting services and its growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will FTI's EPS exceed the consensus estimate of $2.76?

A beat on EPS would indicate stronger profitability and could signal a recovery in demand for consulting services.

What is the revenue outlook for the upcoming quarters?

Understanding revenue trends will help gauge the company's growth potential and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating the potential for FTI to rebound strongly this quarter, as the previous quarter's miss could have been an anomaly rather than a trend.

Supporting Evidence

FTI has a history of beating EPS estimates 63% of the time, suggesting potential for a surprise.

The options market is pricing in a significant move, indicating that traders expect volatility and potential for a positive outcome.

Key Risk

If the company reports a significant increase in demand for its services, it could invalidate the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a disappointing Q1 and could set the tone for future growth.

Bull Confirmed If

An EPS of $2.85 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.56 would support the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.14%

Historical Avg

±5.3%

Pricing rich

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

Options are pricing ±17.1% while FCN has averaged ±5.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.6%

Calls (2K)P/C Ratio: 4.50Puts (900)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Industrials

n=30

Fade rate: 12 of 30 (40%)

This setup has occurred 30 times across Industrials in the last 2 years. 12 of 30 faded and 18 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 6.5%, with a raw directional average of +1.3% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FTI beats expectations, history suggests the stock could rise by around 0.25% on the first day, confirming a positive trend.

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 8.85% based on historical patterns, raising concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new client acquisitions or contracts that could drive revenue growth.
2Details on cost management strategies and their impact on profitability.
3Insights into market trends affecting the consulting industry.
4Management's outlook on future quarters and any guidance provided.
5Responses to analyst questions regarding competitive pressures and market positioning.

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Company Snapshot

FTI Consulting, Inc. (FCN) is a global consulting firm that provides expertise in various sectors, including finance, legal, and technology....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$2.76

Revenue

Revenue figures will provide insight into the overall demand for FTI's consulting services and its growth trajectory.

$1.0B

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

FCN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+12.40%

Avg Stock Reaction

-3.16%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If FTI can beat the EPS estimate and show strong revenue growth, it may signal a rebound in demand for consulting services, boosting investor confidence.

Bear Case

Conversely, if the company misses expectations again, it could raise concerns about its ability to maintain profitability and growth in a competitive market.

Key Metrics to Watch

EPS

$2.76

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$1.0B

Revenue figures will provide insight into the overall demand for FTI's consulting services and its growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will FTI's EPS exceed the consensus estimate of $2.76?

A beat on EPS would indicate stronger profitability and could signal a recovery in demand for consulting services.

What is the revenue outlook for the upcoming quarters?

Understanding revenue trends will help gauge the company's growth potential and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may be underestimating the potential for FTI to rebound strongly this quarter, as the previous quarter's miss could have been an anomaly rather than a trend.

Supporting Evidence

FTI has a history of beating EPS estimates 63% of the time, suggesting potential for a surprise.

The options market is pricing in a significant move, indicating that traders expect volatility and potential for a positive outcome.

Key Risk

If the company reports a significant increase in demand for its services, it could invalidate the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a disappointing Q1 and could set the tone for future growth.

Bull Confirmed If

An EPS of $2.85 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.56 would support the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.14%

Historical Avg

±5.3%

Pricing rich

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

Options are pricing ±17.1% while FCN has averaged ±5.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.6%

Calls (2K)P/C Ratio: 4.50Puts (900)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Industrials

n=30

Fade rate: 12 of 30 (40%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FTI beats expectations, history suggests the stock could rise by around 0.25% on the first day, confirming a positive trend.

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 8.85% based on historical patterns, raising concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new client acquisitions or contracts that could drive revenue growth.
2Details on cost management strategies and their impact on profitability.
3Insights into market trends affecting the consulting industry.
4Management's outlook on future quarters and any guidance provided.
5Responses to analyst questions regarding competitive pressures and market positioning.