Equity Profile

WHD

Cactus, Inc.

EnergyOil & Gas Equipment & Services$3.7B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and performance, helping investors gauge its financial health.

$0.70

Revenue Growth

Revenue growth is vital for understanding the company's ability to expand its market share and increase sales, particularly in a fluctuating energy market.

N/A

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

WHD Q2-2026 Earnings Preview

Context

Company Snapshot

Cactus, Inc. (WHD) operates in the energy sector, specifically focusing on oil and gas equipment and services. As a key player in this industry, it provides essential products and services that support the extraction and production of oil and gas, which are critical to global energy supply.

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 Q1-2026, Cactus reported an EPS of $0.70, exceeding expectations by 7.69%. The stock reacted positively, gaining nearly 3% the following day.

Management Promises & Guidance

Focus on maintaining operational efficiency.
Commitment to enhancing product offerings.
Plans to explore new markets for growth.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Cactus's upcoming earnings, especially given its recent EPS beats. However, there are concerns regarding potential revenue growth in a volatile energy market.

Bull Case

If Cactus continues its trend of beating EPS estimates, it could signal strong operational performance and effective cost management, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to negative market sentiment and a drop in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.70

EPS is a crucial indicator of the company's profitability and performance, helping investors gauge its financial health.

Revenue Growth

N/A

Revenue growth is vital for understanding the company's ability to expand its market share and increase sales, particularly in a fluctuating energy market.

Operating Margin

N/A

Operating margin reflects the efficiency of the company's operations and its ability to manage costs, which is important in the competitive energy sector.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to the previous quarter?

Given the company's recent track record of beating EPS estimates, this number will be crucial for investor confidence.

What are the expectations for revenue growth in the current quarter?

Revenue growth is essential for assessing the company's ability to navigate the challenging energy market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Cactus's ability to maintain its EPS growth despite market challenges, as recent operational efficiencies could lead to better-than-expected results.

Supporting Evidence

Cactus has a strong history of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a significant move, indicating that traders expect volatility which may not align with conservative earnings forecasts.

Key Risk

If the EPS comes in above $0.75, it could challenge the current cautious outlook and shift market sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report will be pivotal in determining whether Cactus can sustain its recent performance amid market volatility.

Bull Confirmed If

An EPS of $0.75 or higher would confirm strong operational performance and market confidence.

Bear Confirmed If

An EPS below $0.65 would raise concerns about profitability and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±14.99%

Historical Avg

±2.2%

Pricing rich

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

Options are pricing ±15.0% while WHD has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.0%

Calls (2K)P/C Ratio: 0.04Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 7 of 30 (23%)

This setup has occurred 30 times across Energy in the last 2 years. 23 of 30 (77%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.4%, with a raw directional average of -1.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cactus beats expectations, history suggests a potential stock increase of around 1.17%, confirming the company's strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline of about 0.63%, as market sentiment shifts negatively.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies and cost management strategies.
2Insights into revenue growth expectations for the upcoming quarter.
3Comments on market conditions affecting the oil and gas sector.
4Details on any new product offerings or market expansions.
5Management's outlook on future earnings and market trends.

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and performance, helping investors gauge its financial health.

$0.70

Revenue Growth

Revenue growth is vital for understanding the company's ability to expand its market share and increase sales, particularly in a fluctuating energy market.

N/A

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

WHD Q2-2026 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 Q1-2026, Cactus reported an EPS of $0.70, exceeding expectations by 7.69%. The stock reacted positively, gaining nearly 3% the following day.

Management Promises & Guidance

Focus on maintaining operational efficiency.
Commitment to enhancing product offerings.
Plans to explore new markets for growth.

Expectations

Wall Street Expectations

Bull Case

If Cactus continues its trend of beating EPS estimates, it could signal strong operational performance and effective cost management, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to negative market sentiment and a drop in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.70

EPS is a crucial indicator of the company's profitability and performance, helping investors gauge its financial health.

Revenue Growth

N/A

Revenue growth is vital for understanding the company's ability to expand its market share and increase sales, particularly in a fluctuating energy market.

Operating Margin

N/A

Operating margin reflects the efficiency of the company's operations and its ability to manage costs, which is important in the competitive energy sector.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to the previous quarter?

Given the company's recent track record of beating EPS estimates, this number will be crucial for investor confidence.

What are the expectations for revenue growth in the current quarter?

Revenue growth is essential for assessing the company's ability to navigate the challenging energy market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Cactus's ability to maintain its EPS growth despite market challenges, as recent operational efficiencies could lead to better-than-expected results.

Supporting Evidence

Cactus has a strong history of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a significant move, indicating that traders expect volatility which may not align with conservative earnings forecasts.

Key Risk

If the EPS comes in above $0.75, it could challenge the current cautious outlook and shift market sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report will be pivotal in determining whether Cactus can sustain its recent performance amid market volatility.

Bull Confirmed If

An EPS of $0.75 or higher would confirm strong operational performance and market confidence.

Bear Confirmed If

An EPS below $0.65 would raise concerns about profitability and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±14.99%

Historical Avg

±2.2%

Pricing rich

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

Options are pricing ±15.0% while WHD has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

36.0%

Calls (2K)P/C Ratio: 0.04Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 7 of 30 (23%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Cactus beats expectations, history suggests a potential stock increase of around 1.17%, confirming the company's strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline of about 0.63%, as market sentiment shifts negatively.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies and cost management strategies.
2Insights into revenue growth expectations for the upcoming quarter.
3Comments on market conditions affecting the oil and gas sector.
4Details on any new product offerings or market expansions.
5Management's outlook on future earnings and market trends.