Equity Profile

HIMS

Hims & Hers Health, Inc.

Health CareHealth Care Services$6.7B

Aug10Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Hims & Hers Health, Inc. is a health care company that provides telehealth services and wellness products, focusing on personal care and health solutions....

Key Metrics to Watch

EPS

Earnings per share will indicate the company's profitability and how well it is managing costs.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its customer base and market presence.

N/A

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

HIMS Q2-2026 Earnings Preview

Context

Company Snapshot

Hims & Hers Health, Inc. is a health care company that provides telehealth services and wellness products, focusing on personal care and health solutions. Operating in the health care sector, it aims to make health care more accessible and affordable for consumers, aligning with the growing trend towards digital health services.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-29.24%

Avg Stock Reaction

+1.42%

Last Quarter Recap

In Q1 2026, Hims & Hers reported an EPS of -$0.40, significantly missing expectations. Following this news, the stock rose by 3.08% the next day, indicating some investor optimism despite the loss.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company has shown volatility in its earnings history. Investors will be keenly watching for any signs of recovery or continued struggles.

Bull Case

If the company can show a significant rebound in EPS and revenue growth, it could signal a strong recovery, boosting investor confidence.

Bear Case

Conversely, if the company continues to miss earnings expectations, it may raise concerns about its long-term viability and growth prospects.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and will it show improvement from the last quarter's -$0.40?

A significant improvement in EPS could indicate that the company is on a path to recovery, which investors will be eager to see.

How is revenue growth trending compared to previous quarters?

Understanding revenue growth will help gauge the company's market position and ability to attract and retain customers.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a recovery in Hims & Hers, especially given the high implied volatility in the options market.

Supporting Evidence

Options are pricing a 28.74% move, which is significantly higher than the historical average of 2.20%.

The company's previous earnings surprises show a mixed pattern, indicating potential for positive surprises.

The stock has shown resilience in the past despite negative earnings, suggesting that investors may still have confidence.

Key Risk

If the EPS comes in above $0.05, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be critical in determining whether Hims & Hers can stabilize its earnings and grow its revenue.

Bull Confirmed If

An EPS of $0.05 or better would confirm the bull case, indicating a turnaround in profitability.

Bear Confirmed If

An EPS of -$0.50 or worse would confirm the bear case, raising concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±28.74%

Historical Avg

±2.2%

Pricing rich

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

Options are pricing ±28.7% while HIMS has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

87.6%

Calls (4.5M)P/C Ratio: 0.35Puts (1.3M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Health Care

n=30

Fade rate: 13 of 29 (45%)

This setup has occurred 30 times across Health Care in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 3.6%, with a raw directional average of -1.3% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hims & Hers beats expectations, history suggests a potential average one-day move of +1.31%, confirming a positive outlook.

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, with history suggesting an average one-day move of +1.61% in negative reactions.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or service expansions.
2Management's commentary on customer acquisition strategies.
3Insights into cost management and operational efficiency improvements.
4Trends in telehealth demand and how they are impacting revenue.
5Any guidance on future earnings expectations or market conditions.

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Company Snapshot

Hims & Hers Health, Inc. is a health care company that provides telehealth services and wellness products, focusing on personal care and health solutions....

Key Metrics to Watch

EPS

Earnings per share will indicate the company's profitability and how well it is managing costs.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its customer base and market presence.

N/A

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

HIMS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-29.24%

Avg Stock Reaction

+1.42%

Last Quarter Recap

In Q1 2026, Hims & Hers reported an EPS of -$0.40, significantly missing expectations. Following this news, the stock rose by 3.08% the next day, indicating some investor optimism despite the loss.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company has shown volatility in its earnings history. Investors will be keenly watching for any signs of recovery or continued struggles.

Bull Case

If the company can show a significant rebound in EPS and revenue growth, it could signal a strong recovery, boosting investor confidence.

Bear Case

Conversely, if the company continues to miss earnings expectations, it may raise concerns about its long-term viability and growth prospects.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and will it show improvement from the last quarter's -$0.40?

A significant improvement in EPS could indicate that the company is on a path to recovery, which investors will be eager to see.

How is revenue growth trending compared to previous quarters?

Understanding revenue growth will help gauge the company's market position and ability to attract and retain customers.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a recovery in Hims & Hers, especially given the high implied volatility in the options market.

Supporting Evidence

Options are pricing a 28.74% move, which is significantly higher than the historical average of 2.20%.

The company's previous earnings surprises show a mixed pattern, indicating potential for positive surprises.

The stock has shown resilience in the past despite negative earnings, suggesting that investors may still have confidence.

Key Risk

If the EPS comes in above $0.05, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be critical in determining whether Hims & Hers can stabilize its earnings and grow its revenue.

Bull Confirmed If

An EPS of $0.05 or better would confirm the bull case, indicating a turnaround in profitability.

Bear Confirmed If

An EPS of -$0.50 or worse would confirm the bear case, raising concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±28.74%

Historical Avg

±2.2%

Pricing rich

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

Options are pricing ±28.7% while HIMS has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

87.6%

Calls (4.5M)P/C Ratio: 0.35Puts (1.3M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Health Care

n=30

Fade rate: 13 of 29 (45%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hims & Hers beats expectations, history suggests a potential average one-day move of +1.31%, confirming a positive outlook.

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, with history suggesting an average one-day move of +1.61% in negative reactions.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or service expansions.
2Management's commentary on customer acquisition strategies.
3Insights into cost management and operational efficiency improvements.
4Trends in telehealth demand and how they are impacting revenue.
5Any guidance on future earnings expectations or market conditions.