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

Implied ±6.2%, either direction.

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

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

STENYSEOrthopedic, Prosthetic & Surgical Appliances & Supplies

Steris plc (STE) earnings date, market-implied expected move, and options open interest by expiry

245.85

+14.50 · +6.27%

Regular session11:40 ET

Open233.98Volume708,566Mkt cap$22.8BP/E28.26Div yield1.11%

Day233.98 – 245.9699%52-wk193.97 – 267.1471%

STE

Steris plc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.2%implied · straddle

216.94245.76

spot 231.35exp Nov 20ATM strike 230ATM straddle 16.95IV 43%

Nov 3 close

Expected move

Inputs

Next report

Today

after close

est.Q2 FY27

Calendar

Next report

Last report

−0.40%

vs ±5.8% implied · ×0.07

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+0.08%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

835 managers

Top fund weight

0.36%

STE weight · XLV

N-PORTJun 30 '26

10 funds

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

Steris (STE) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±5.4%
avg realized: ±5.3%

Nov 6 '24Nov 6 '24confirmed±4.9%▼−5.28%×1.08

Feb 5 '25Feb 5 '25confirmed±5.0%▲+2.09%×0.42

May 14 '25May 14 '25confirmed±5.2%▲+8.52%×1.64

Aug 6 '25Aug 6 '25confirmed±5.1%▲+6.79%×1.34

Q2 FY26Nov 5 '25confirmed±6.0%▲+6.94%×1.16

Q3 FY26Feb 4 '26confirmed±6.0%▼−7.74%×1.29

Q4 FY26May 11 '26confirmed±5.1%▲+4.46%×0.88

Q1 FY27Aug 5 '26confirmed±5.8%▼−0.40%×0.07

quarterimplied−10%0+10%realized×

Q1 FY27±5.8%▼−0.40%×0.07

Q4 FY26±5.1%

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

6.23OI · 3 expiries · Nov 3 closeP/C open interest · Nov 20 · first expiry after the report

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

3860%Nov 2016d62+2%

155+2%Dec 1844d0.285580%0.28

360%Mar 19135d0.11328+1%0.11

ExpiryPutsCallsP/C

Nov 2016d3860%62+2%6.23

Dec 1844d155+2%5580%0.28

Mar 19135d360%328+1%0.11

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

Positioning

Linked exposure

scenario · straddle±6.2%

Funds 4

XLV±0.0%

RSP±0.0%

VIG±0.0%

VTV±0.0%

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

Linked exposure

Revenue flow

as filedQ1 FY27

13.47%as filednet margin · revenue −6.02% QoQ · +7.30% YoY

Revenue

$1.5B−6.02% QoQ

Gross profit

$684M−1.85% QoQ

45.84% margin

Operating income

$286M−9.79% QoQ

19.15% margin

Pre-tax income

$274M−10.18% QoQ

Net income

$201M−8.76% QoQ

13.47% margin

Cost of revenue

$809M−9.27% QoQ

Operating expenses

$398M+4.71% QoQ

SG&A $370M

R&D $29M

Other expense

$12M

Tax

$73M−13.90% QoQ

Revenue$1.5B−6.02%

Gross profit

$684M−1.85%

45.84% margin

Operating income

$286M−9.79%

19.15% margin

Pre-tax income

$274M−10.18%

Net income

$201M−8.76%

13.47% margin

Cost of revenue

$809M−9.27%

Operating expenses

$398M+4.71%

SG&A $370M

R&D $29M

Other expense

$12M

Tax$73M−13.90%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 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 · 11:30 ET

Intraday

Event sensitivity

NFP ×1.43· ±1.5% vs ±1.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.5%3 of 10×1.43

CPIconsumer prices±1.5%2 of 10×1.42

FOMCrate decision±1.4%12 of 24×1.30

PPIproducer prices±0.8%4 of 10×0.77

GDPgross domestic product±0.8%10 of 19×0.74

PCEpersonal income & outlays±0.8%11 of 19×0.72

CPROFcorporate profits±0.6%5 of 12×0.62

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS — · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Aug 5 '26 · confirmed	—	—
Q4 FY26	May 11 '26 · confirmed	2.24	—
Q3 FY26	Feb 4 '26 · confirmed	1.96	—
Q2 FY26	Nov 5 '25 · confirmed	1.94	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod