How often does Quad/Graphics move more than the options market prices?

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

QUADNYSECommercial Printing

Quad/Graphics, Inc. (QUAD) earnings date, market-implied expected move, and options open interest by expiry

7.50

0.00 · −0.07%

Regular session14:41 ET

Open7.51Volume822,596Mkt cap$381.9MP/E13.38EPS0.56Div yield5.00%

Day7.36 – 7.5190%52-wk4.93 – 11.0342%

QUAD

Quad/Graphics, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 16

after close · in 105 days

est.Q4 FY26

Calendar

Next report

Last report

−18.09%

vs ±17.2% implied · ×1.05

shaded = implied · ▲▼ = realized

Oct 28 '26 · confirmedthin chain

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+1.97%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

145 managers

Top fund weight

0.01%

QUAD weight · IWM

N-PORTJun 30 '26

3 funds

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

Quad/Graphics (QUAD) is expected to report on Feb 16 after close (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±15.3%
avg realized: ±10.4%

Feb 18 '25Feb 18 '25confirmed±11.2%▲+10.83%×0.97

Apr 29 '25Apr 29 '25confirmed±11.8%▼−7.92%×0.67

Jul 29 '25Jul 29 '25confirmed±16.7%▼−12.59%×0.75

Oct 28 '25Oct 28 '25confirmed±22.8%▼−12.36%×0.54

Feb 17 '26Feb 17 '26confirmed±16.5%▲+0.46%×0.03

Q1 FY26Apr 28 '26confirmed±10.8%▼−10.13%×0.94

Q2 FY26Jul 28 '26confirmed±15.3%▲+10.46%×0.69

Q3 FY26Oct 28 '26confirmed±17.2%thin chain▼−18.09%×1.05

quarterimplied−25%0+25%realized×

Q3 FY26±17.2%▼−18.09%×1.05

Q2 FY26±15.3%▲+10.46%×0.69

Q1 FY26±10.8%▼−10.13%×0.94

Feb '26±16.5%▲+0.46%×0.03

Oct '25±22.8%▼−12.36%×0.54

Jul '25±16.7%▼−12.59%×0.75

2 older reports

Apr '25±11.8%▼−7.92%×0.67

Feb '25±11.2%▲+10.83%×0.97

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

Implied vs realized

Positioning

OI · 2 expiries · Oct 27 close

0.02OI · 2 expiries · Oct 27 closeP/C open interest · Nov 20 · nearest expiry

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

50%Nov 2017d250+9%

140%Jan 1573d0.034090%0.03

ExpiryPutsCallsP/C

Nov 2017d50%250+9%0.02

Jan 1573d140%4090%0.03

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

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

0.94%as filednet margin · revenue +1.59% QoQ · −0.22% YoY

Revenue

$587M+1.59% QoQ

Gross profit

$128M+5.27% QoQ

21.78% margin

Operating income

$14M−6.71% QoQ

2.37% margin

Pre-tax income

$4M−29.03% QoQ

Net income

$6M+48.65% QoQ

0.94% margin

Cost of revenue

$459M+0.61% QoQ

Operating expenses

$114M+6.95% QoQ

SG&A $77M

Depreciation $18M

Other operating $19M

Other expense

$10M

Tax benefit

$1M

Revenue$587M+1.59%

Gross profit

$128M+5.27%

21.78% margin

Operating income

$14M−6.71%

2.37% margin

Pre-tax income

$4M−29.03%

Net income

$6M+48.65%

0.94% margin

Cost of revenue

$459M+0.61%

Operating expenses

$114M+6.95%

SG&A $77M

Depreciation $18M

Other operating $19M

Other expense

$10M

Tax benefit$1M

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

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 14:30 ET

Intraday

Event sensitivity

FOMC ×2.27· ±5.3% vs ±2.3% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±5.3%9 of 24×2.27

GDPgross domestic product±2.9%10 of 19×1.26

PCEpersonal income & outlays±2.9%11 of 19×1.23

NFPjobs report±1.9%3 of 10×0.79

PPIproducer prices±1.4%3 of 10×0.60

CPIconsumer prices±1.1%4 of 10×0.46

CPROFcorporate profits±1.1%5 of 12×0.45

Bar = avg |move| to ±6% · tick = ±2.3% avg day · ×base = |move| ÷ ±2.3% · min 6 releases

Earnings history

EPS 0.11 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 28 '26 · confirmed	0.11	—
Q2 FY26	Jul 28 '26 · confirmed	0.07	—
Q1 FY26	Apr 28 '26 · confirmed	0.13	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod