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

Implied ±8.3%, either direction.

How often does Construction Partners move more than the options market prices?

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

ROADNasdaqHeavy Construction Other Than Bldg Const - Contractors

Construction Partners, Inc. (ROAD) earnings date, market-implied expected move, and options open interest by expiry

98.39

+2.10 · +2.18%

post 98.39 0.00%

Closed16:00 ET

Open97.30Volume938,613Mkt cap$5.6BP/E38.28EPS2.57

Day95.94 – 99.3073%52-wk79.33 – 151.0027%

ROAD

Construction Partners, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.3%implied · report alone

8Q avg ±7.7%·×1.08·fair

90.97107.51

straddle ±10.4%

spot 99.24exp Nov 20ATM strike 100ATM straddle 12.10IV 73%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Nov 19

before open · in 14 days

est.Q4 FY26

Calendar

Next report

Last report

+19.55%

vs ±12.0% implied · ×1.63

shaded = implied · ▲▼ = realized

Aug 7 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−0.93%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

359 managers

Top fund weight

0.18%

ROAD weight · IWM

N-PORTJun 30 '26

4 funds

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

Construction Partners (ROAD) is expected to report on Nov 19 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±8.7%
avg realized: ±7.7%

Feb 7 '25Feb 7 '25confirmed±7.1%▲+2.71%×0.38

May 9 '25May 9 '25confirmed±7.7%▲+3.55%×0.46

Aug 7 '25Aug 7 '25confirmed±7.4%▲+11.94%×1.61

Oct 22 '25Oct 22 '25confirmed±10.2%▼−2.12%×0.21

Nov 20 '25Nov 20 '25confirmed±6.2%▼−3.61%×0.59

Q1 FY26Feb 5 '26confirmed±7.4%▲+11.22%×1.52

Q2 FY26May 8 '26confirmed±11.5%▲+6.94%×0.60

Q3 FY26Aug 7 '26confirmed±12.0%▲+19.55%×1.63

quarterimplied−20%0+20%realized×

Q3 FY26±12.0%▲+19.55%×1.63

Q2 FY26±11.5%

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 28 close

0.89OI · 4 expiries · Oct 28 closeP/C open interest · Nov 20 · first expiry after the report

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

635+143%Nov 2015d713+499%

163+298%Dec 1843d1.57104+5100%1.57

542−1%Jan 1571d0.64842+9%0.64

617—Apr 16162d1.75353—1.75

ExpiryPutsCallsP/C

Nov 2015d635+143%713+499%0.89

Dec 1843d163+298%104+5100%1.57

Jan 1571d542−1%842+9%0.64

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

Positioning

Linked exposure

scenario · straddle±10.4%

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 filedQ3 FY26

5.96%as filednet margin · revenue +29.93% QoQ · +28.25% YoY

Revenue

$999M+29.93% QoQ

Gross profit

$168M+70.34% QoQ

16.85% margin

Operating income

$109M+192.60% QoQ

10.94% margin

Pre-tax income

$79M+555.70% QoQ

Net income

$60M+548.75% QoQ

5.96% margin

Cost of revenue

$831M+23.97% QoQ

Operating expenses

$59M−4.01% QoQ

Other expense

$30M

Tax

$20M+577.78% QoQ

Revenue$999M+29.93%

Gross profit

$168M+70.34%

16.85% margin

Operating income

$109M+192.60%

10.94% margin

Pre-tax income

$79M+555.70%

Net income

$60M+548.75%

5.96% margin

Cost of revenue

$831M+23.97%

Operating expenses

$59M−4.01%

Other expense

$30M

Tax$20M+577.78%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×2.27· ±4.9% vs ±2.2% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±4.9%7 of 10×2.27

CPIconsumer prices±2.4%5 of 10×1.11

GDPgross domestic product±2.2%11 of 19×1.02

CPROFcorporate profits±2.2%7 of 12×1.01

PCEpersonal income & outlays±2.0%11 of 19×0.94

FOMCrate decision±2.0%15 of 24×0.92

PPIproducer prices±1.9%2 of 10×0.85

Bar = avg |move| to ±5% · tick = ±2.2% avg day · ×base = |move| ÷ ±2.2% · min 6 releases

Earnings history

EPS 1.06 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Aug 7 '26 · confirmed	1.06	—
Q2 FY26	May 8 '26 · confirmed	0.16	—
Q1 FY26	Feb 5 '26 · confirmed	0.31	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod