Victoria’s Secret goes into Q3 2026 earnings with a big implied move, call-heavy positioning, and a track record of beating estimates—but also a history of post-earnings downdrafts. The balance of evidence leans to an upside gap, but directional edge is only modest.
Ulta heads into Q3 FY25 near all-time highs, with an implied ~8% earnings move, modestly bearish skew in the options tape, and expectations for a small EPS beat but guidance that will decide whether strength continues or fades.
ServiceTitan heads into Q3 FY26 with 25%+ revenue growth, raised full-year guidance, and a December options chain that’s pricing in a double-digit move. The tape leans call-heavy and IV is rich versus realized, tilting the short-term odds modestly toward an upside gap if execution and guidance cooperate.
Hewlett Packard Enterprise heads into Q4 FY25 with AI-driven growth, a rich near-term options surface, and a market that still remembers its ugly guidance reset earlier this year.
DocuSign heads into Q3 FY26 with modest expectations, a roughly 10% implied move, and an AI-driven pivot that could reward even a small upside surprise—provided billings and guidance stop backsliding.
Snowflake beat on EPS and revenue, raised full-year targets, but slower product growth and margin guidance turned a crowded AI long into an ~8% downside gap—almost exactly the size options implied, but in the opposite direction.
UiPath delivered a clear top- and bottom-line beat with stronger-than-feared guidance, turning a call-heavy options setup into an ~8% earnings gap and roughly 24% first-session surge.
Salesforce delivered a clean Q3 FY26 EPS beat and raised full-year guidance, but the stock’s reaction was a mid-single-digit relief move rather than the ~8% upside implied by options and the original call.
Okta’s Q3 FY26 delivered a clean beat and stronger full-year guidance, but the stock opened down sharply before ripping higher into the close—going against the original upside gap call.
Marvell delivered a clean Q3 FY26 beat, a bullish AI data-center guide, and a 7–8% post-earnings pop—smaller than the 12% move implied but enough to validate a bullish skew.
CrowdStrike delivered a clean beat and raised guidance, but a small negative open gap means the official scorecard marks the up-call as a miss even though the stock finished the session higher.
American Eagle delivered a clean Q3 beat and raised guidance, triggering a roughly 15% post-earnings squeeze that tracked the bullish call but pushed toward the upper end of the expected move.
