FIX

FIX's Historical Earnings Profile: 100% Beat Rate and Persistent Upward Drift

Over the last eight reported quarters, FIX has beaten the consensus EPS estimate every time—a beat rate of 8/8, or 100%—with an average earnings surprise of 28%. The most recent four quarters illustrate the magnitude of those beats. On April 23, 2026, FIX reported actual EPS of $10.51 against an estimate of $6.81, a 54.3% surprise. On February 19, 2026, the company reported $9.37 versus $6.75, a 38.8% surprise. On October 23, 2025, actual EPS came in at $8.25 versus $6.29, a 31.2% surprise. And on July 24, 2025, FIX delivered $6.53 versus $4.84, a 34.9% surprise.

The stock's post-earnings drift points higher as well. Across the last eight reported quarters, the average 5-day price move in the five trading days after earnings has been +12.54%, classified as an "up" drift. The most recent quarters show how the immediate reaction can diverge from the five-day trend. After the April 23, 2026 report, the stock fell 2.69% the next session but still rose 3.74% over the following five days. After the February 19, 2026 report, the stock gained 6.46% the next day and 4.71% over the next five sessions. The October 23, 2025 report produced an 18.99% one-day jump and a 16.76% five-day gain. The July 24, 2025 report produced a 22.37% next-day rally and a 24.96% five-day rally.

Options-Flow Dynamics Around the Next Report

FIX's next scheduled earnings release is July 23, 2026, after the market close, with a consensus EPS estimate of $10.45. Heading into that report, the options market will price an expected move based on elevated implied volatility. Because the trailing average EPS surprise is 28% and the five-day post-earnings drift is 12.54%, traders can compare the implied straddle or implied move for the event to those realized historical figures. One-day post-earnings moves have ranged from -2.69% to +22.37%, so the implied move can look small or large depending on where it lands relative to that history.

Beyond the implied move, watch for changes in option volume, open interest, and put/call skew as the report date approaches. A surge in call volume relative to puts can reveal upside positioning, while elevated put activity may reflect hedging or downside bets. After the release, implied volatility usually compresses rapidly, which can shrink option premiums even if the stock moves in the anticipated direction. The current snapshot shows the stock at $1,674.06 with an RSI of 41.3 and the 50-day EMA at $1,797.28, meaning the underlying is below a key medium-term moving average ahead of the event. That backdrop can shape both directional options flow and hedging demand.

What a Disciplined Trader Watches

A disciplined approach starts with the actual numbers. The consensus EPS estimate for the July 23, 2026 report is $10.45, while the last four actual EPS figures were $10.51, $9.37, $8.25, and $6.53, each posting a surprise between 31.2% and 54.3%. Traders watch whether FIX beats the $10.45 estimate and, just as importantly, what management says about margins, backlog, and guidance, because the 100% historical beat rate does not guarantee a future outcome. They also compare the next-day price reaction to the implied move and monitor whether the five-day post-earnings drift pattern repeats. The July 24, 2025 and October 23, 2025 reports both produced five-day gains above 16%, while the April 23, 2026 report produced only a 3.74% five-day gain after a negative next-day reaction.

Risk control matters. With next-day moves ranging from -2.69% to +22.37%, a single session can erase or magnify an event-driven position quickly. Defined-risk structures and careful position sizing can help a trader navigate that dispersion. The 50-day EMA at $1,797.28, the RSI at 41.3, and post-earnings volume patterns all provide additional context for whether the post-earnings drift is gaining or losing traction after the July 23, 2026 release.

For a deeper dive into how institutional analysts expect FIX to perform—including consensus estimate revisions, revenue expectations, and qualitative factors beyond the headline EPS figures—review the full institutional verdict on the ticker page.