What move does the options market price into Argan's report?

Implied ±14.7%, either direction.

How often does Argan move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

AGXNYSEConstruction - Special Trade Contractors

Argan Inc (AGX) earnings date, market-implied expected move, and options open interest by expiry

287.13

−61.11 · −17.55%

Regular session13:58 ET

Open349.00Volume204,728Mkt cap$4.9BP/E28.13Div yield0.63%

Day287.13 – 355.710%52-wk274.92 – 803.462%

AGX

Argan Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±14.7%implied · report alone

8Q avg ±11.4%·×1.29·rich

297.11399.37

straddle ±19.7%

spot 348.24exp Dec 18ATM strike 350ATM straddle 80.75IV 83%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Dec 3

after close · in 29 days

est.Q3 FY27

Calendar

Next report

Last report

+0.33%

vs ±15.1% implied · ×0.02

shaded = implied · ▲▼ = realized

Sep 2 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+7.14%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

569 managers

Top fund weight

0.34%

AGX weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Argan (AGX) is expected to report on Dec 3 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±13.8%
avg realized: ±11.4%

Dec 5 '24Dec 5 '24confirmed±11.2%▼−1.14%×0.10

Mar 27 '25Mar 27 '25confirmed±12.9%▲+19.86%×1.54

Jun 4 '25Jun 4 '25confirmed±13.3%▲+8.01%×0.60

Sep 4 '25Sep 4 '25confirmed±13.7%▼−11.07%×0.81

Q3 FY26Dec 4 '25confirmed±13.3%▼−11.98%×0.90

Mar 26 '26Mar 26 '26confirmed±15.9%▲+37.91%×2.39

Q1 FY27Jun 4 '26confirmed±14.7%▲+0.77%×0.05

Q2 FY27Sep 2 '26confirmed±15.1%▲+0.33%×0.02

quarterimplied−40%0+40%realized×

Q2 FY27±15.1%▲+0.33%×0.02

Q1 FY27±14.7%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.92OI · 4 expiries · Oct 30 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

3,900+1%Nov 2016d2.911,342+28%2.91

report · Dec 3 · after close · est.

2,258−2%Dec 1844d2,447+6%

653+5%Jan 1572d0.541,216+9%0.54

9710%Apr 16163d1.71567+7%1.71

ExpiryPutsCallsP/C

Nov 2016d3,900+1%1,342+28%2.91

report · Dec 3 · after close · est.

Dec 1844d2,258−2%2,447+6%0.92

Jan 1572d653+5%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±19.7%

Funds 4

IWM±0.1%

UWM±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY27

13.88%as filednet margin · revenue +31.97% QoQ · +61.51% YoY

Revenue

$384M+31.97% QoQ

Gross profit

$74M+21.44% QoQ

19.33% margin

Operating income

$57M+25.13% QoQ

14.79% margin

Pre-tax income

$67M+24.40% QoQ

Net income

$53M+15.72% QoQ

13.88% margin

Cost of revenue

$310M+34.77% QoQ

Operating expenses

$17M+10.78% QoQ

Tax

$14M+76.30% QoQ

Other income

$10M+20.41% QoQ

Revenue$384M+31.97%

Gross profit

$74M+21.44%

19.33% margin

Operating income

$57M+25.13%

14.79% margin

Pre-tax income

$67M+24.40%

Net income

$53M+15.72%

13.88% margin

Cost of revenue

$310M+34.77%

Operating expenses

$17M+10.78%

Other income$10M+20.41%

Tax$14M+76.30%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 13:45 ET

Intraday

Event sensitivity

PCE ×1.67· ±4.5% vs ±2.7% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±4.5%12 of 19×1.67

NFPjobs report±3.2%6 of 10×1.21

GDPgross domestic product±3.2%10 of 19×1.19

CPIconsumer prices±2.6%5 of 10×0.96

CPROFcorporate profits±2.4%6 of 12×0.91

PPIproducer prices±2.3%4 of 10×0.85

FOMCrate decision±1.7%10 of 24×0.64

Bar = avg |move| to ±5% · tick = ±2.7% avg day · ×base = |move| ÷ ±2.7% · min 6 releases

Earnings history

EPS 3.76 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY27	Sep 2 '26 · confirmed	3.76	—
Q1 FY27	Jun 4 '26 · confirmed	3.24	—
Q3 FY26	Dec 4 '25 · confirmed	2.17	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod