What move does the options market price into Babcock & Wilcox Enterprises's report?

Implied ±10.3%, either direction.

BWNYSEHeating Equipment, Except Electric & Warm Air Furnaces

Babcock & Wilcox Enterprises, Inc. (BW) earnings date, market-implied expected move, and options open interest by expiry

4.26

−0.30 · −6.56%

post 4.26 +0.06%

Closed16:00 ET

Open4.39Volume3.3MMkt cap$636.1MEPS-0.12

Day4.14 – 4.4541%52-wk3.39 – 22.035%

Babcock & Wilcox Enterprises, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.3%implied · report alone

3.834.71

straddle ±18.9%

spot 4.27exp Nov 20ATM strike 4ATM straddle 0.95IV 117%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 3

after close · in 3 days

est.Q3 FY26

Calendar

Next report

Last report

+3.49%

vs ±13.8% implied · ×0.25

shaded = implied · ▲▼ = realized

Aug 10 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+31.47%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

202 managers

Top fund weight

0.06%

BW weight · IWM

N-PORTJun 30 '26

3 funds

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

Babcock & Wilcox Enterprises (BW) is expected to report on Nov 3 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 10 '26confirmed±13.8%▲+3.49%×0.25

quarterimplied−15%0+15%realized×

Q2 FY26±13.8%▲+3.49%×0.25

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

0.25OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

7,101+10%Nov 2020d28,0490%

580%Dec 1848d0.173400%0.17

2,9770%Jan 1576d0.0648,057+3%0.06

4,8690%Feb 19111d2.422,0100%2.42

ExpiryPutsCallsP/C

Nov 2020d7,101+10%28,0490%0.25

Dec 1848d580%3400%0.17

Jan 1576d2,9770%48,057+3%0.06

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

Positioning

Linked exposure

scenario · straddle±18.9%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

4.46%as filednet margin · revenue +49.11% QoQ · +130.25% YoY

Revenue

$320M+49.11% QoQ

Gross profit

$47M+7.32% QoQ

14.59% margin

Operating income

$12M+810.69% QoQ

3.68% margin

Pre-tax income

$13M+117.46% QoQ

Net income

$14M+118.53% QoQ

4.46% margin

Cost of revenue

$273M+59.74% QoQ

Operating expenses

$35M−22.71% QoQ

SG&A $34M

R&D $619,000

Other operating $553,000

Other income

$1M+101.91% QoQ

Tax benefit

$1M

Revenue$320M+49.11%

Gross profit

$47M+7.32%

14.59% margin

Operating income

$12M+810.69%

3.68% margin

Pre-tax income

$13M+117.46%

Net income

$14M+118.53%

4.46% margin

Cost of revenue

$273M+59.74%

Operating expenses

$35M−22.71%

SG&A $34M

R&D $619,000

Other operating $553,000

Other income$1M+101.91%

Tax benefit$1M

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

GDP ×1.25· ±7.0% vs ±5.6% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±7.0%9 of 19×1.25

PCEpersonal income & outlays±6.7%11 of 19×1.20

CPROFcorporate profits±5.1%6 of 12×0.91

FOMCrate decision±5.0%9 of 24×0.90

CPIconsumer prices±4.3%8 of 11×0.77

PPIproducer prices±3.9%2 of 11×0.70

NFPjobs report±3.5%1 of 10×0.63

Bar = avg |move| to ±8% · tick = ±5.6% avg day · ×base = |move| ÷ ±5.6% · min 6 releases

Earnings history

EPS 0.07 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 10 '26 · confirmed	0.07	—
Q1 FY26	—	-0.60	—
Q3 FY25	—	0.30	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod