Equity Profile

STN

Stantec Inc.

IndustrialsConstruction & Engineering$8.3B

Aug14Fri

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Stantec Inc. is a global engineering and design firm that provides services in architecture, engineering, and environmental consulting....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and reflects the company's ability to generate earnings for shareholders.

Not available

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share in the construction and engineering industry.

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 engineering and design firm that provides services in architecture, engineering, and environmental consulting. Operating within the industrials sector, the company plays a crucial role in infrastructure development, which is increasingly important as governments and businesses invest in sustainable and resilient projects.

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 above the estimate of $0.95, resulting in a 2.22% surprise. However, the stock dropped 6.46% the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, analysts expect Stantec to continue its trend of beating earnings estimates, given its historical performance. However, without specific guidance or estimates available, there is uncertainty about revenue growth.

Bull Case

The optimistic view is that Stantec will report strong EPS and revenue growth, driven by a robust project backlog and increased infrastructure spending.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining project wins, it could lead to a significant stock price drop.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current project backlog and how does it compare to previous quarters?

The project backlog is crucial for forecasting future revenue and can indicate the company's growth trajectory.

What are the key drivers behind revenue growth this quarter?

Understanding the drivers of revenue growth will help assess the sustainability of Stantec's performance and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the strength of Stantec's project backlog, which could lead to stronger-than-expected revenue growth despite current market concerns.

Supporting Evidence

Stantec has a history of beating EPS estimates, with a 75% beat rate over the last eight quarters.

Options are pricing in a larger move than the historical average, suggesting that traders expect significant volatility.

Recent trends in infrastructure spending could positively impact Stantec's project pipeline.

Key Risk

If the project backlog shows significant growth, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the ability to maintain or grow the project backlog, which is essential for future revenue.

Bull Confirmed If

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

Bear Confirmed If

A decline in project backlog or a significant drop in EPS 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 potential move, indicating that traders expect volatility around the earnings announcement.

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 the stock could rise by about 1.02% on the following day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience muted movement as investors reassess growth prospects.

Miss

If the company misses expectations, history suggests a potential decline of around 1.95%, reflecting disappointment in performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on the current project backlog and any changes from the previous quarter.
2Insights into revenue growth drivers and specific projects contributing to performance.
3Any commentary on market conditions and how they are affecting new contract wins.
4Updates on cost management strategies and their impact on margins.
5Management's outlook on future infrastructure spending trends.

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Company Snapshot

Stantec Inc. is a global engineering and design firm that provides services in architecture, engineering, and environmental consulting....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and reflects the company's ability to generate earnings for shareholders.

Not available

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share in the construction and engineering industry.

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

The optimistic view is that Stantec will report strong EPS and revenue growth, driven by a robust project backlog and increased infrastructure spending.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining project wins, it could lead to a significant stock price drop.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current project backlog and how does it compare to previous quarters?

The project backlog is crucial for forecasting future revenue and can indicate the company's growth trajectory.

What are the key drivers behind revenue growth this quarter?

Understanding the drivers of revenue growth will help assess the sustainability of Stantec's performance and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the strength of Stantec's project backlog, which could lead to stronger-than-expected revenue growth despite current market concerns.

Supporting Evidence

Stantec has a history of beating EPS estimates, with a 75% beat rate over the last eight quarters.

Options are pricing in a larger move than the historical average, suggesting that traders expect significant volatility.

Recent trends in infrastructure spending could positively impact Stantec's project pipeline.

Key Risk

If the project backlog shows significant growth, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the ability to maintain or grow the project backlog, which is essential for future revenue.

Bull Confirmed If

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

Bear Confirmed If

A decline in project backlog or a significant drop in EPS 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 potential move, indicating that traders expect volatility around the earnings announcement.

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 the stock could rise by about 1.02% on the following day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience muted movement as investors reassess growth prospects.

Miss

If the company misses expectations, history suggests a potential decline of around 1.95%, reflecting disappointment in performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on the current project backlog and any changes from the previous quarter.
2Insights into revenue growth drivers and specific projects contributing to performance.
3Any commentary on market conditions and how they are affecting new contract wins.
4Updates on cost management strategies and their impact on margins.
5Management's outlook on future infrastructure spending trends.