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

Implied ±15.5%, either direction · provisional.

CVSANYSEServices-Educational Services

Covista Inc. (CVSA) earnings date, market-implied expected move, and options open interest by expiry

124.26

+1.73 · +1.41%

Regular session11:41 ET

Open123.25Volume457,776Mkt cap$4.1BP/E16.66EPS7.46

Day123.25 – 124.6075%52-wk86.97 – 142.1368%

CVSA

Covista Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±15.5%implied · straddle

103.57141.49

spot 122.53exp Feb 19ATM strike 125ATM straddle 22.30IV 42%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Jan 27

after close · in 84 days

est.Q2 FY27

Calendar

Next report

Last report

−3.44%

vs ±10.1% implied · ×0.34

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Largest filed tie

77.00%

of CVSA revenue · Title IV programs

customerCVSA 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+3.65%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

373 managers

Top fund weight

0.13%

CVSA weight · IWM

N-PORTJun 30 '26

4 funds

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

Covista (CVSA) is expected to report on Jan 27 after close (estimated date).

Implied vs realized

8 reports

—≥ implied

Jan 30 '25Jan 30 '25confirmed—▲+4.60%—

May 8 '25May 8 '25confirmed—▲+17.58%—

Aug 7 '25Aug 7 '25confirmed—▲+2.19%—

Oct 30 '25Oct 30 '25confirmed—▼−30.86%—

Q2 FY26Jan 28 '26confirmed—▼−7.02%—

Q3 FY26May 7 '26confirmed±9.1%▲+14.30%×1.57

Q4 FY26Aug 6 '26confirmed±10.3%▲+13.46%×1.30

Q1 FY27Oct 29 '26confirmed±10.1%▼−3.44%×0.34

quarterimplied−35%0+35%realized×

Q1 FY27±10.1%▼−3.44%×0.34

Q4 FY26±10.3%▲+13.46%×1.30

Q3 FY26±9.1%▲+14.30%×1.57

Q2 FY26—▼−7.02%—

Oct '25—▼−30.86%—

Aug '25—▲+2.19%—

2 older reports

May '25—▲+17.58%—

Jan '25—▲+4.60%—

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

Implied vs realized

Positioning

OI · 3 expiries · Nov 3 close

0.13OI · 3 expiries · Nov 3 closeP/C open interest · Feb 19 · first expiry after the report

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

1,185+1%Nov 2016d0.921,2890%0.92

189+24%Dec 1844d0.792380%0.79

report · Jan 27 · after close · est.

27+59%Feb 19107d201+1%

ExpiryPutsCallsP/C

Nov 2016d1,185+1%1,2890%0.92

Dec 1844d189+24%2380%0.79

report · Jan 27 · after close · est.

Feb 19107d27+59%201+1%0.13

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

Positioning

Linked exposure

scenario · straddle±15.5%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ1 FY27

13.18%as filednet margin · revenue +2.02% QoQ · +10.65% YoY

Revenue

$512M+2.02% QoQ

Gross profit

$291M+2.16% QoQ

56.84% margin

Operating income

$98M+2.71% QoQ

19.16% margin

Pre-tax income

$89M+1.24% QoQ

Net income

$67M−5.99% QoQ

13.18% margin

Cost of revenue

$221M+1.85% QoQ

Operating expenses

$193M+1.88% QoQ

Other expense

$9M

Tax

$18M+10.94% QoQ

Revenue$512M+2.02%

Gross profit

$291M+2.16%

56.84% margin

Operating income

$98M+2.71%

19.16% margin

Pre-tax income

$89M+1.24%

Net income

$67M−5.99%

13.18% margin

Cost of revenue

$221M+1.85%

Operating expenses

$193M+1.88%

Other expense

$9M

Tax$18M+10.94%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 11:30 ET

Intraday

Event sensitivity

NFP ×2.44· ±4.2% vs ±1.7% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±4.2%9 of 10×2.44

PPIproducer prices±2.5%5 of 10×1.44

FOMCrate decision±2.0%17 of 24×1.18

PCEpersonal income & outlays±1.7%12 of 19×0.97

CPROFcorporate profits±1.6%8 of 12×0.93

GDPgross domestic product±1.5%12 of 19×0.90

CPIconsumer prices±1.5%4 of 10×0.86

Bar = avg |move| to ±5% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 1.95 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Oct 29 '26 · confirmed	1.95	—
Q4 FY26	Aug 6 '26 · confirmed	2.06	—
Q3 FY26	May 7 '26 · confirmed	1.20	—
Q2 FY26	Jan 28 '26 · confirmed	2.11	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod