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

Implied ±6.8%, either direction.

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

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

DVANYSEServices-Misc Health & Allied Services, NEC

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

189.38

+7.21 · +3.96%

Regular session12:26 ET

Open180.01Volume755,678Mkt cap$11.5BP/E13.70EPS13.82

Day180.01 – 189.36100%52-wk101.00 – 247.4960%

DVA

DaVita Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.8%implied · report alone

8Q avg ±11.4%·×0.60·cheap

169.76194.58

straddle ±14.5%

spot 182.17exp Feb 19ATM strike 180ATM straddle 31.15IV 40%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Feb 1

after close · in 89 days

est.Q4 FY26

Calendar

Next report

Last report

−3.01%

vs ±10.1% implied · ×0.30

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Largest filed tie

16.00%

of Rockwell Medical revenue

supplierRMTI 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

−2.46%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

635 managers

Top fund weight

0.23%

DVA weight · RSP

N-PORTJul 31 '26

8 funds

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

DaVita (DVA) is expected to report on Feb 1 after close (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±8.5%
avg realized: ±11.4%

Feb 13 '25Feb 13 '25confirmed±7.0%▼−11.09%×1.58

May 12 '25May 12 '25confirmed±7.1%▼−0.31%×0.04

Aug 5 '25Aug 5 '25confirmed±7.6%▼−9.04%×1.19

Oct 29 '25Oct 29 '25confirmed±8.3%▼−6.17%×0.74

Feb 2 '26Feb 2 '26confirmed±8.1%▲+21.17%×2.62

Q1 FY26May 5 '26confirmed±8.9%▲+23.46%×2.63

Q2 FY26Aug 4 '26confirmed±10.8%▼−17.24%×1.60

Q3 FY26Oct 29 '26confirmed±10.1%▼−3.01%×0.30

quarterimplied−25%0+25%realized×

Q3 FY26±10.1%▼−3.01%×0.30

Q2 FY26±10.8%

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

Implied vs realized

Positioning

OI · 5 expiries · Oct 28 close

0.17OI · 5 expiries · Oct 28 closeP/C open interest · Feb 19 · first expiry after the report

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

1,6600%Nov 2016d0.227,717+1%0.22

9,2810%Dec 1844d1.297,1720%1.29

1,7580%Jan 1572d0.1313,1850%0.13

report · Feb 1 · after close · est.

9100%Feb 19107d5,3590%

190%Apr 16163d0.111760%0.11

ExpiryPutsCallsP/C

Nov 2016d1,6600%7,717+1%0.22

Dec 1844d9,2810%7,1720%1.29

Jan 1572d1,7580%13,1850%0.13

report · Feb 1 · after close · est.

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

Positioning

Linked exposure

scenario · straddle±14.5%

Funds 4

RSP±0.0%

XLV±0.0%

SPY±0.0%

IVV±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

7.53%as filednet margin · revenue +0.68% QoQ · +4.62% YoY

Revenue

$3.6B+0.68% QoQ

Gross profit

$1.1B−3.01% QoQ

31.50% margin

Operating income

$499M−13.77% QoQ

13.95% margin

Pre-tax income

$359M−17.54% QoQ

Net income

$269M−21.51% QoQ

7.53% margin

Cost of revenue

$2.5B+2.47% QoQ

Operating expenses

$628M+7.67% QoQ

SG&A $409M

Depreciation $165M

Other operating $54M

Other expense

$141M

Tax

$89M−2.69% QoQ

Revenue$3.6B+0.68%

Gross profit

$1.1B−3.01%

31.50% margin

Operating income

$499M−13.77%

13.95% margin

Pre-tax income

$359M−17.54%

Net income

$269M−21.51%

7.53% margin

Cost of revenue

$2.5B+2.47%

Operating expenses

$628M+7.67%

SG&A $409M

Depreciation $165M

Other operating $54M

Other expense

$141M

Tax$89M−2.69%

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 · ▮ down · bars = volume, 15mSource: market data · 12:15 ET

Intraday

Event sensitivity

NFP ×1.07· ±1.5% vs ±1.4% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.5%7 of 10×1.07

CPIconsumer prices±1.5%5 of 10×1.00

PPIproducer prices±1.4%3 of 10×0.94

GDPgross domestic product±1.2%11 of 19×0.80

CPROFcorporate profits±1.1%7 of 12×0.78

PCEpersonal income & outlays±1.0%12 of 19×0.72

FOMCrate decision±0.9%17 of 24×0.62

Bar = avg |move| to ±2% · tick = ±1.4% avg day · ×base = |move| ÷ ±1.4% · min 6 releases

Earnings history

EPS 3.40 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	3.40	—
Q2 FY26	Aug 4 '26 · confirmed	4.02	—
Q1 FY26	May 5 '26 · confirmed	2.87	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod