Equity Profile

WHD

Cactus, Inc.

EnergyOil & Gas Equipment & Services$3.9B

May7Thu

Post-Earnings Recap

ReportedQ1-2026After Close11:30 PM EDT

Cactus, Inc. Beats on EPS, Stock Up 2.97%

Metric	Actual	Expected	Surprise
EPS	$0.70	$0.67	+7.69%
Revenue	—	$381M	—

management commentary, guidance changes, and full analysis available with Pro.

Cactus, Inc. Beats on EPS, Stock Up 2.97%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.70	$0.67	+7.69%
Revenue	—	$381M	—

Management Commentary

Tone: Unknown

No transcript is on record for this earnings call, so the analysis is based solely on numerical results.

What It Means

Cactus, Inc. reported better-than-expected earnings per share for the first quarter of 2026, which contributed to a positive stock reaction, with shares rising nearly 3%. However, revenue figures were not disclosed, leaving some uncertainty about overall sales performance. The lack of additional guidance or commentary from management may lead investors to remain cautious as they await further information.

Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, focusing on oil and gas equipment and services....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability, and investors will be looking for a solid performance relative to expectations.

$0.67

Revenue

Revenue figures will provide insight into the company's sales performance and overall market demand for its services.

$381M

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

Original Pre-Earnings Preview

Context

Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, focusing on oil and gas equipment and services. As the demand for energy continues to evolve, Cactus plays a crucial role in providing the necessary tools and services to support oil and gas production.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+6.04%

Avg Stock Reaction

+0.72%

Last Quarter Recap

In the last quarter, Cactus reported an EPS of $0.65, exceeding expectations by 13%. However, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Cactus to report a solid quarter with an EPS of $0.67 and revenue of $381M. The market is closely watching for any surprises.

Bull Case

If Cactus delivers better-than-expected earnings and shows strong demand for its products, it could drive the stock higher, especially given its recent history of beating estimates.

Bear Case

Conversely, if the company misses earnings expectations or provides weak guidance, it could lead to a significant drop in the stock price, as seen in previous quarters.

Key Metrics to Watch

EPS

$0.67

Earnings per share is a key indicator of profitability, and investors will be looking for a solid performance relative to expectations.

Revenue

$381M

Revenue figures will provide insight into the company's sales performance and overall market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Cactus report an EPS above $0.67?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What guidance will Cactus provide for future revenue?

Future revenue guidance will be critical for assessing the company's growth prospects and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Cactus's ability to capitalize on rising energy demand, particularly in niche markets where it has a competitive edge.

Supporting Evidence

Cactus has consistently beaten EPS estimates, suggesting stronger operational performance than anticipated.

The options market indicates a significant expected move, which may reflect underlying bullish sentiment not captured in consensus estimates.

Key Risk

If Cactus's revenue exceeds $385M, it could challenge current bearish sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Cactus can maintain its growth trajectory amid fluctuating energy prices.

Bull Confirmed If

An EPS of $0.70 or higher would confirm the bull case and suggest strong demand.

Bear Confirmed If

An EPS below $0.60 would confirm the bear case, indicating potential issues in demand or pricing.

Pre-Earnings Positioning

Options Market

Implied Move

±5.73%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a larger-than-usual move, suggesting that investors are anticipating significant volatility around the earnings report.

Options are pricing ±5.6% while WHD has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

28.7%

Calls (2K)P/C Ratio: 0.09Puts (30K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 3 of 12 (25%)

This setup has occurred 30 times across Energy in the last 2 years. 9 of 12 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 2.2%, with a raw directional average of +1.4% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cactus beats expectations, history suggests the stock could rise by about 0.64%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future guidance.

Miss

A miss could lead to a decline of around 0.63%, as investors reassess the company's growth outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or partnerships that could drive revenue growth.
2Details on cost management strategies and their impact on margins.
3Insights into market demand trends for oil and gas equipment.
4Any commentary on supply chain challenges and how they are being addressed.
5Management's outlook on future energy prices and their potential impact on business.

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Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, focusing on oil and gas equipment and services....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability, and investors will be looking for a solid performance relative to expectations.

$0.67

Revenue

Revenue figures will provide insight into the company's sales performance and overall market demand for its services.

$381M

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

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+6.04%

Avg Stock Reaction

+0.72%

Last Quarter Recap

In the last quarter, Cactus reported an EPS of $0.65, exceeding expectations by 13%. However, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Cactus to report a solid quarter with an EPS of $0.67 and revenue of $381M. The market is closely watching for any surprises.

Bull Case

If Cactus delivers better-than-expected earnings and shows strong demand for its products, it could drive the stock higher, especially given its recent history of beating estimates.

Bear Case

Conversely, if the company misses earnings expectations or provides weak guidance, it could lead to a significant drop in the stock price, as seen in previous quarters.

Key Metrics to Watch

EPS

$0.67

Earnings per share is a key indicator of profitability, and investors will be looking for a solid performance relative to expectations.

Revenue

$381M

Revenue figures will provide insight into the company's sales performance and overall market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Cactus report an EPS above $0.67?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What guidance will Cactus provide for future revenue?

Future revenue guidance will be critical for assessing the company's growth prospects and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Cactus's ability to capitalize on rising energy demand, particularly in niche markets where it has a competitive edge.

Supporting Evidence

Cactus has consistently beaten EPS estimates, suggesting stronger operational performance than anticipated.

The options market indicates a significant expected move, which may reflect underlying bullish sentiment not captured in consensus estimates.

Key Risk

If Cactus's revenue exceeds $385M, it could challenge current bearish sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Cactus can maintain its growth trajectory amid fluctuating energy prices.

Bull Confirmed If

An EPS of $0.70 or higher would confirm the bull case and suggest strong demand.

Bear Confirmed If

An EPS below $0.60 would confirm the bear case, indicating potential issues in demand or pricing.

Pre-Earnings Positioning

Options Market

Implied Move

±5.73%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a larger-than-usual move, suggesting that investors are anticipating significant volatility around the earnings report.

Options are pricing ±5.6% while WHD has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

28.7%

Calls (2K)P/C Ratio: 0.09Puts (30K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 3 of 12 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cactus beats expectations, history suggests the stock could rise by about 0.64%, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future guidance.

Miss

A miss could lead to a decline of around 0.63%, as investors reassess the company's growth outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new contracts or partnerships that could drive revenue growth.
2Details on cost management strategies and their impact on margins.
3Insights into market demand trends for oil and gas equipment.
4Any commentary on supply chain challenges and how they are being addressed.
5Management's outlook on future energy prices and their potential impact on business.