Equity Profile

MIAX

Miami International Holdings, Inc.

FinancialsFinancial Exchanges & Data$4.1B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Miami International Holdings, Inc. operates in the financial sector, focusing on financial exchanges and data....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its operations and attract more trading volume.

N/A

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

MIAX Q2-2026 Earnings Preview

Context

Company Snapshot

Miami International Holdings, Inc. operates in the financial sector, focusing on financial exchanges and data. It plays a crucial role in facilitating trading and providing market data, which is essential for investors and traders in the financial markets.

Earnings Scorecard·Last 3Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+27.04%

Avg Stock Reaction

+2.32%

Last Quarter Recap

In Q1-2026, MIAX reported an EPS of $0.42, exceeding expectations by 17.32%. However, revenue figures were not disclosed, leading to a slight decline in stock price the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about MIAX's upcoming earnings, given its strong track record of beating EPS estimates. However, the lack of revenue guidance raises some concerns.

Bull Case

If MIAX continues its trend of beating EPS estimates, it could lead to a significant positive reaction in the stock price, especially if revenue growth is also strong.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the high implied move from options.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given MIAX's history of beating EPS estimates, the market will closely watch this figure to gauge the company's performance.

Will there be any guidance on revenue growth?

Revenue guidance is crucial for understanding the company's future prospects, especially since it was not disclosed last quarter.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate MIAX's ability to maintain its earnings momentum, particularly given its recent strong performance.

Supporting Evidence

MIAX has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

The lack of revenue guidance could mean that any positive surprise in this area would be particularly impactful.

Key Risk

If MIAX's EPS comes in below $0.36, it could significantly alter the positive sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the company's ability to maintain its strong earnings performance against the uncertainty of revenue guidance.

Bull Confirmed If

A reported EPS of $0.45 or higher would confirm the bull case.

Bear Confirmed If

An EPS below $0.36 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±18.1%

Historical Avg

±2.3%

Pricing rich

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

Options are pricing ±18.1% while MIAX has averaged ±2.3% over the last 3 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

38.2%

Calls (20K)P/C Ratio: 0.94Puts (11K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MIAX beats expectations, history suggests a potential stock increase of around +2.32%, confirming the company's strong performance.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may remain flat or see a slight decline.

Miss

A miss on EPS could lead to a decline similar to the average of -0.04% seen in past quarters.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends in the financial markets.
2Management's outlook on competitive pressures in the financial exchange sector.
3Insights into any new products or services being launched.
4Discussion on cost management and operational efficiency.
5Any commentary on regulatory changes affecting the business.

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Company Snapshot

Miami International Holdings, Inc. operates in the financial sector, focusing on financial exchanges and data....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its operations and attract more trading volume.

N/A

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

MIAX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 3Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+27.04%

Avg Stock Reaction

+2.32%

Last Quarter Recap

In Q1-2026, MIAX reported an EPS of $0.42, exceeding expectations by 17.32%. However, revenue figures were not disclosed, leading to a slight decline in stock price the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about MIAX's upcoming earnings, given its strong track record of beating EPS estimates. However, the lack of revenue guidance raises some concerns.

Bull Case

If MIAX continues its trend of beating EPS estimates, it could lead to a significant positive reaction in the stock price, especially if revenue growth is also strong.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the high implied move from options.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given MIAX's history of beating EPS estimates, the market will closely watch this figure to gauge the company's performance.

Will there be any guidance on revenue growth?

Revenue guidance is crucial for understanding the company's future prospects, especially since it was not disclosed last quarter.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate MIAX's ability to maintain its earnings momentum, particularly given its recent strong performance.

Supporting Evidence

MIAX has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

The lack of revenue guidance could mean that any positive surprise in this area would be particularly impactful.

Key Risk

If MIAX's EPS comes in below $0.36, it could significantly alter the positive sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the company's ability to maintain its strong earnings performance against the uncertainty of revenue guidance.

Bull Confirmed If

A reported EPS of $0.45 or higher would confirm the bull case.

Bear Confirmed If

An EPS below $0.36 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±18.1%

Historical Avg

±2.3%

Pricing rich

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

Options are pricing ±18.1% while MIAX has averaged ±2.3% over the last 3 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

38.2%

Calls (20K)P/C Ratio: 0.94Puts (11K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MIAX beats expectations, history suggests a potential stock increase of around +2.32%, confirming the company's strong performance.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may remain flat or see a slight decline.

Miss

A miss on EPS could lead to a decline similar to the average of -0.04% seen in past quarters.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on trading volume trends in the financial markets.
2Management's outlook on competitive pressures in the financial exchange sector.
3Insights into any new products or services being launched.
4Discussion on cost management and operational efficiency.
5Any commentary on regulatory changes affecting the business.