Equity Profile

STN

Stantec Inc.

IndustrialsConstruction & Engineering$8.4B

Aug14Fri

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Stantec Inc. is a global leader in engineering and design services, focusing on sustainable solutions in the construction and engineering sector....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Expected to be around $0.97.

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, which is essential for long-term success.

Not available.

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

STN Q2-2026 Earnings Preview

Context

Company Snapshot

Stantec Inc. is a global leader in engineering and design services, focusing on sustainable solutions in the construction and engineering sector. With a market cap of $8 billion, the company plays a crucial role in infrastructure development, which is vital for economic growth and urban planning.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+3.51%

Avg Stock Reaction

+0.28%

Last Quarter Recap

In Q1 2026, Stantec reported an EPS of $0.97, slightly beating estimates. However, the stock declined by 6.46% the following day, indicating market skepticism despite the earnings beat.

Management Promises & Guidance

Commitment to sustainable practices in all projects.
Focus on expanding into new markets.
Continued investment in technology and innovation.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Stantec has a history of beating EPS estimates, but recent stock performance suggests caution among investors.

Bull Case

If Stantec can demonstrate strong revenue growth and a robust project backlog, it could lead to increased investor confidence and a positive stock reaction.

Bear Case

Conversely, if the company fails to meet earnings expectations or shows signs of slowing growth, it may lead to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $0.97.

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

Not available.

Revenue growth reflects the company's ability to expand its business and capture market share, which is essential for long-term success.

Project Backlog

Not available.

A strong project backlog indicates future revenue potential and operational stability, crucial for investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the projected project backlog for the upcoming quarters?

A strong backlog is crucial for future revenue and can significantly impact investor sentiment.

How does management plan to address any potential slowdown in revenue growth?

Investors will be looking for reassurance on growth strategies, especially if recent trends show signs of deceleration.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Stantec's growth potential in new markets, which could lead to stronger-than-expected revenue growth this quarter.

Supporting Evidence

Stantec's recent investments in technology could enhance project efficiency, leading to higher margins.

The company's commitment to sustainability aligns with increasing demand for eco-friendly construction solutions.

Key Risk

If project backlog growth exceeds 15%, it could significantly shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Stantec's ability to maintain growth in a competitive market and manage its project pipeline effectively.

Bull Confirmed If

A project backlog growth of over 15% year-over-year would confirm the bull case.

Bear Confirmed If

A decline in project backlog or revenue growth below 5% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.77%

Historical Avg

±3.0%

Pricing rich

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

Options are pricing ±10.8% while STN has averaged ±3.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

40.0%

Calls (300)P/C Ratio: 0.50Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 7 of 24 (29%)

This setup has occurred 30 times across Industrials in the last 2 years. 17 of 24 (71%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +2.2% (modestly positive historical bias).

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

79.71%

of float

Insider

0.07%

of float

Holders

586

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
4,966,062 sh · $443.6M
4.35%
1.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Stantec beats expectations, history suggests a potential stock increase of around 1.02%, confirming positive market sentiment.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may react neutrally or slightly down.

Miss

A miss could lead to a decline of approximately 1.95%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on project backlog and future pipeline.
2Management's commentary on market conditions and growth strategies.
3Insights into new market expansions and their potential impact.
4Any changes in guidance related to revenue growth.
5Discussion on sustainable practices and their integration into projects.

See the full picture

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Company Snapshot

Stantec Inc. is a global leader in engineering and design services, focusing on sustainable solutions in the construction and engineering sector....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Expected to be around $0.97.

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, which is essential for long-term success.

Not available.

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

STN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+3.51%

Avg Stock Reaction

+0.28%

Last Quarter Recap

In Q1 2026, Stantec reported an EPS of $0.97, slightly beating estimates. However, the stock declined by 6.46% the following day, indicating market skepticism despite the earnings beat.

Management Promises & Guidance

Commitment to sustainable practices in all projects.
Focus on expanding into new markets.
Continued investment in technology and innovation.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Stantec has a history of beating EPS estimates, but recent stock performance suggests caution among investors.

Bull Case

If Stantec can demonstrate strong revenue growth and a robust project backlog, it could lead to increased investor confidence and a positive stock reaction.

Bear Case

Conversely, if the company fails to meet earnings expectations or shows signs of slowing growth, it may lead to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $0.97.

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

Not available.

Revenue growth reflects the company's ability to expand its business and capture market share, which is essential for long-term success.

Project Backlog

Not available.

A strong project backlog indicates future revenue potential and operational stability, crucial for investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the projected project backlog for the upcoming quarters?

A strong backlog is crucial for future revenue and can significantly impact investor sentiment.

How does management plan to address any potential slowdown in revenue growth?

Investors will be looking for reassurance on growth strategies, especially if recent trends show signs of deceleration.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Stantec's growth potential in new markets, which could lead to stronger-than-expected revenue growth this quarter.

Supporting Evidence

Stantec's recent investments in technology could enhance project efficiency, leading to higher margins.

The company's commitment to sustainability aligns with increasing demand for eco-friendly construction solutions.

Key Risk

If project backlog growth exceeds 15%, it could significantly shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Stantec's ability to maintain growth in a competitive market and manage its project pipeline effectively.

Bull Confirmed If

A project backlog growth of over 15% year-over-year would confirm the bull case.

Bear Confirmed If

A decline in project backlog or revenue growth below 5% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.77%

Historical Avg

±3.0%

Pricing rich

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

Options are pricing ±10.8% while STN has averaged ±3.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

40.0%

Calls (300)P/C Ratio: 0.50Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 7 of 24 (29%)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

79.71%

of float

Insider

0.07%

of float

Holders

586

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
4,966,062 sh · $443.6M
4.35%
1.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Stantec beats expectations, history suggests a potential stock increase of around 1.02%, confirming positive market sentiment.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may react neutrally or slightly down.

Miss

A miss could lead to a decline of approximately 1.95%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on project backlog and future pipeline.
2Management's commentary on market conditions and growth strategies.
3Insights into new market expansions and their potential impact.
4Any changes in guidance related to revenue growth.
5Discussion on sustainable practices and their integration into projects.