Equity Profile

FCN

FTI Consulting, Inc.

IndustrialsResearch & Consulting Services$4.8B

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....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well FTI has managed costs and revenue.

Expected to be around $2.00

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, which is essential for long-term success.

Expected to show stable growth compared to previous quarters

1 more metrics, 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. The company plays a crucial role in helping organizations navigate complex business challenges, particularly in areas like risk management and financial consulting.

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, missing estimates by nearly 10%. The stock reacted slightly negatively, indicating investor concerns.

Management Promises & Guidance

Management committed to improving operational efficiencies.
They emphasized a focus on expanding service offerings.
Management expressed optimism about client demand in key sectors.

Expectations

Wall Street Expectations

Overall, expectations are mixed ahead of the earnings report, with some investors hoping for a rebound after the last quarter's miss.

Bull Case

If FTI can show strong EPS growth and positive revenue trends, it may reassure investors and lead to a stock price increase.

Bear Case

Conversely, if the company fails to meet expectations again, it could lead to further declines in stock value.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $2.00

EPS is a key indicator of profitability and will show how well FTI has managed costs and revenue.

Revenue Growth

Expected to show stable growth compared to previous quarters

Revenue growth reflects the company's ability to attract and retain clients, which is essential for long-term success.

Client Retention Rate

Expected to remain above 85%

A high retention rate indicates strong client relationships and satisfaction, which can lead to recurring revenue.

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 the previous quarter?

A significant improvement in EPS could signal a turnaround and boost investor confidence.

How is FTI addressing client retention and growth in key sectors?

Understanding client dynamics will be crucial for assessing future revenue stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a strong recovery in client demand, especially given FTI's focus on operational improvements.

Supporting Evidence

FTI's historical EPS beat rate of 63% suggests a better-than-expected performance is possible.

Options pricing indicates a significant move, reflecting investor uncertainty that could work in FTI's favor.

Management's commitment to expanding service offerings could drive future growth.

Key Risk

If client retention rates exceed 90%, it could significantly alter the market's perception of FTI's stability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a disappointing Q1, and investors are keen to see if FTI can regain momentum.

Bull Confirmed If

An EPS of $2.10 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.90 would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±17.14%

Historical Avg

±5.3%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich 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 a modest stock increase of around +0.25%, confirming a positive outlook.

In-Line / Cautious

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

Miss

A miss could lead to a decline of approximately -8.85%, reflecting ongoing investor concerns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies and cost management strategies.
2Details on client retention rates and any new client acquisitions.
3Insights into revenue growth in key sectors.
4Management's outlook on market conditions and demand trends.
5Any commentary on competitive positioning and service expansion.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul27

DYNBMO

Dyne Therapeutics, Inc.

Insider activity

PreviewView

Jul

Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well FTI has managed costs and revenue.

Expected to be around $2.00

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, which is essential for long-term success.

Expected to show stable growth compared to previous quarters

1 more metrics, 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

In Q1 2026, FTI Consulting reported an EPS of $1.90, missing estimates by nearly 10%. The stock reacted slightly negatively, indicating investor concerns.

Management Promises & Guidance

Management committed to improving operational efficiencies.
They emphasized a focus on expanding service offerings.
Management expressed optimism about client demand in key sectors.

Expectations

Wall Street Expectations

Overall, expectations are mixed ahead of the earnings report, with some investors hoping for a rebound after the last quarter's miss.

Bull Case

If FTI can show strong EPS growth and positive revenue trends, it may reassure investors and lead to a stock price increase.

Bear Case

Conversely, if the company fails to meet expectations again, it could lead to further declines in stock value.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $2.00

EPS is a key indicator of profitability and will show how well FTI has managed costs and revenue.

Revenue Growth

Expected to show stable growth compared to previous quarters

Revenue growth reflects the company's ability to attract and retain clients, which is essential for long-term success.

Client Retention Rate

Expected to remain above 85%

A high retention rate indicates strong client relationships and satisfaction, which can lead to recurring revenue.

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 the previous quarter?

A significant improvement in EPS could signal a turnaround and boost investor confidence.

How is FTI addressing client retention and growth in key sectors?

Understanding client dynamics will be crucial for assessing future revenue stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a strong recovery in client demand, especially given FTI's focus on operational improvements.

Supporting Evidence

FTI's historical EPS beat rate of 63% suggests a better-than-expected performance is possible.

Options pricing indicates a significant move, reflecting investor uncertainty that could work in FTI's favor.

Management's commitment to expanding service offerings could drive future growth.

Key Risk

If client retention rates exceed 90%, it could significantly alter the market's perception of FTI's stability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a disappointing Q1, and investors are keen to see if FTI can regain momentum.

Bull Confirmed If

An EPS of $2.10 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.90 would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±17.14%

Historical Avg

±5.3%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich 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 a modest stock increase of around +0.25%, confirming a positive outlook.

In-Line / Cautious

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

Miss

A miss could lead to a decline of approximately -8.85%, reflecting ongoing investor concerns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies and cost management strategies.
2Details on client retention rates and any new client acquisitions.
3Insights into revenue growth in key sectors.
4Management's outlook on market conditions and demand trends.
5Any commentary on competitive positioning and service expansion.