Equity Profile

FCN

FTI Consulting, Inc.

IndustrialsResearch & Consulting Services$4.9B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

FTI Consulting, Inc. (FCN) operates in the industrials sector, providing research and consulting services to various industries....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, which is vital for its consulting business.

N/A

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) operates in the industrials sector, providing research and consulting services to various industries. The company plays a crucial role in helping organizations navigate complex challenges, especially in areas like risk management and financial advisory, which are increasingly important in today's economic environment.

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, falling short of the expected $2.11, resulting in a nearly 10% surprise. The stock experienced a slight decline the following day, indicating market disappointment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about FTI Consulting's upcoming earnings, especially after a mixed performance in previous quarters. The lack of analyst estimates adds uncertainty to expectations.

Bull Case

If FTI can exceed EPS expectations and demonstrate strong revenue growth, it may signal a recovery in demand for its consulting services, leading to a positive market reaction.

Bear Case

Conversely, if the company misses expectations again, it could raise concerns about its growth trajectory and ability to compete, potentially leading to a significant stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given the recent history of EPS misses, the market will closely watch this figure to assess the company's profitability and growth potential.

What insights can management provide on revenue growth and client demand?

Understanding revenue trends and client engagement will be crucial for investors to gauge the company's performance and future outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for FTI to rebound based on its historical performance and recent client engagements.

Supporting Evidence

FTI has a history of surprising positively after a miss, with a 63% EPS beat rate over the last eight quarters.

The options market is pricing in a significant move, indicating that traders expect a more volatile reaction than usual.

Despite recent misses, the company has shown strong growth in previous quarters, suggesting potential for recovery.

Key Risk

If EPS exceeds $2.11, it could significantly shift market sentiment and validate the bull case.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether FTI can recover from recent earnings misses and demonstrate sustainable growth.

Bull Confirmed If

An EPS of $2.11 or higher, along with a clear indication of revenue growth, would confirm the bull case.

Bear Confirmed If

An EPS below $1.90, coupled with weak revenue commentary, would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±17.14%

Historical Avg

±5.3%

Pricing rich

The options market is pricing in a significant move of over 17%, suggesting that traders expect volatility around the earnings report.

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)

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 day, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of approximately 8.85%, reflecting ongoing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any guidance on client demand trends in the consulting space.
2Updates on cost management strategies and their impact on profitability.
3Insights into competitive positioning within the consulting industry.
4Management's outlook on macroeconomic factors affecting the business.
5Details on any new service offerings or market expansions.

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Company Snapshot

FTI Consulting, Inc. (FCN) operates in the industrials sector, providing research and consulting services to various industries....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, which is vital for its consulting business.

N/A

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 exceed EPS expectations and demonstrate strong revenue growth, it may signal a recovery in demand for its consulting services, leading to a positive market reaction.

Bear Case

Conversely, if the company misses expectations again, it could raise concerns about its growth trajectory and ability to compete, potentially leading to a significant stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given the recent history of EPS misses, the market will closely watch this figure to assess the company's profitability and growth potential.

What insights can management provide on revenue growth and client demand?

Understanding revenue trends and client engagement will be crucial for investors to gauge the company's performance and future outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for FTI to rebound based on its historical performance and recent client engagements.

Supporting Evidence

FTI has a history of surprising positively after a miss, with a 63% EPS beat rate over the last eight quarters.

The options market is pricing in a significant move, indicating that traders expect a more volatile reaction than usual.

Despite recent misses, the company has shown strong growth in previous quarters, suggesting potential for recovery.

Key Risk

If EPS exceeds $2.11, it could significantly shift market sentiment and validate the bull case.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether FTI can recover from recent earnings misses and demonstrate sustainable growth.

Bull Confirmed If

An EPS of $2.11 or higher, along with a clear indication of revenue growth, would confirm the bull case.

Bear Confirmed If

An EPS below $1.90, coupled with weak revenue commentary, would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±17.14%

Historical Avg

±5.3%

Pricing rich

The options market is pricing in a significant move of over 17%, suggesting that traders expect volatility around the earnings report.

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)

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 day, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of approximately 8.85%, reflecting ongoing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any guidance on client demand trends in the consulting space.
2Updates on cost management strategies and their impact on profitability.
3Insights into competitive positioning within the consulting industry.
4Management's outlook on macroeconomic factors affecting the business.
5Details on any new service offerings or market expansions.