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

Implied ±12.5%, either direction · provisional.

How often does ST JOE move more than the options market prices?

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

JOENYSELand Subdividers & Developers (No Cemeteries)

ST JOE Co (JOE) earnings date, market-implied expected move, and options open interest by expiry

68.20

−0.70 · −1.02%

Regular session15:41 ET

Open68.67Volume222,697Mkt cap$3.9BP/E32.17EPS2.12Div yield0.93%

Day67.99 – 68.7727%52-wk55.22 – 73.0273%

JOE

ST JOE Co

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±12.5%implied · straddle

60.3177.49

spot 68.90exp Mar 19ATM strike 70ATM straddle 10.10IV 30%

Nov 2 closeprovisional

Expected move

Inputs

Next report

Feb 24

after close · in 113 days

est.Q4 FY26

Calendar

Next report

Last report

+5.39%

vs ±4.8% implied · ×1.13

shaded = implied · ▲▼ = realized

Oct 28 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−1.15%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

319 managers

Top fund weight

0.12%

JOE weight · VNQ

N-PORTJul 31 '26

5 funds

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

ST JOE (JOE) is expected to report on Feb 24 after close (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±6.5%
avg realized: ±4.2%

Feb 26 '25Feb 26 '25confirmed±6.6%▲+2.82%×0.42

Apr 23 '25Apr 23 '25confirmed±8.3%▲+0.79%×0.10

Jul 23 '25Jul 23 '25confirmed±4.4%▲+3.60%×0.81

Oct 29 '25Oct 29 '25confirmed±6.2%▲+11.87%×1.92

Feb 25 '26Feb 25 '26confirmed±7.8%▲+1.18%×0.15

Q1 FY26Apr 29 '26confirmed±6.3%▼−6.46%×1.02

Q2 FY26Jul 29 '26confirmed±7.5%▲+1.86%×0.25

Q3 FY26Oct 28 '26confirmed±4.8%▲+5.39%×1.13

quarterimplied−15%0+15%realized×

Q3 FY26±4.8%▲+5.39%×1.13

Q2 FY26±7.5%▲+1.86%×0.25

Q1 FY26±6.3%▼−6.46%×1.02

Feb '26±7.8%▲+1.18%×0.15

Oct '25±6.2%▲+11.87%×1.92

Jul '25±4.4%▲+3.60%×0.81

2 older reports

Apr '25±8.3%▲+0.79%×0.10

Feb '25±6.6%▲+2.82%×0.42

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

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

0.34OI · 3 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

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

87+5%Nov 2017d0.16561−9%0.16

342−6%Dec 1845d0.291,176−2%0.29

report · Feb 24 · after close · est.

184+13%Mar 19136d542+68%

ExpiryPutsCallsP/C

Nov 2017d87+5%561−9%0.16

Dec 1845d342−6%1,176−2%0.29

report · Feb 24 · after close · est.

Mar 19136d184+13%542+68%0.34

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

Positioning

Linked exposure

scenario · straddle±12.5%

Funds 4

VNQ±0.0%

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

23.73%as filednet margin · revenue −1.66% QoQ · −3.04% YoY

Revenue

$156M−1.66% QoQ

Gross profit

$156M−1.66% QoQ

100.00% margin

Operating income

$62M+12.36% QoQ

39.40% margin

Pre-tax income

$50M−9.33% QoQ

Net income

$37M−9.56% QoQ

23.73% margin

Operating expenses

$95M−9.05% QoQ

Other operating $76M

Depreciation $11M

SG&A $8M

Other expense

$12M

Tax

$13M−8.66% QoQ

Revenue$156M−1.66%

Gross profit

$156M−1.66%

100.00% margin

Operating income

$62M+12.36%

39.40% margin

Pre-tax income

$50M−9.33%

Net income

$37M−9.56%

23.73% margin

Cost of revenue

Operating expenses

$95M−9.05%

Other operating $76M

Depreciation $11M

SG&A $8M

Other expense

$12M

Tax$13M−8.66%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:30 ET

Intraday

Event sensitivity

GDP ×1.06· ±1.4% vs ±1.4% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±1.4%8 of 19×1.06

FOMCrate decision±1.4%9 of 24×1.03

PPIproducer prices±1.3%6 of 10×0.93

PCEpersonal income & outlays±1.2%7 of 19×0.90

CPIconsumer prices±1.2%3 of 10×0.89

CPROFcorporate profits±1.0%4 of 12×0.73

NFPjobs report±0.8%4 of 10×0.57

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

Earnings history

EPS 0.65 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 28 '26 · confirmed	0.65	—
Q2 FY26	Jul 29 '26 · confirmed	0.71	—
Q1 FY26	Apr 29 '26 · confirmed	0.24	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod