What move does the options market price into Smith & Wesson Brands's report?

Implied ±11.2%, either direction.

How often does Smith & Wesson Brands move more than the options market prices?

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

SWBINasdaqOrdnance & Accessories, (No Vehicles/Guided Missiles)

Smith & Wesson Brands, Inc. (SWBI) earnings date, market-implied expected move, and options open interest by expiry

13.67

+0.50 · +3.82%

Regular session09:42 ET

Open13.72Volume434,260Mkt cap$590.5MP/E24.42EPS0.56Div yield3.95%

Day13.69 – 13.720%52-wk7.81 – 17.2462%

SWBI

Smith & Wesson Brands, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.2%implied · report alone

8Q avg ±15.2%·×0.74·cheap

11.7014.64

straddle ±13.7%

spot 13.17exp Dec 18ATM strike 13ATM straddle 2.12IV 58%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Dec 3

after close · in 29 days

est.Q2 FY27

Calendar

Next report

Last report

+5.05%

vs ±11.3% implied · ×0.45

shaded = implied · ▲▼ = realized

Sep 3 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+8.95%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

199 managers

Top fund weight

0.02%

SWBI weight · IWM

N-PORTJun 30 '26

3 funds

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

Smith & Wesson Brands (SWBI) is expected to report on Dec 3 after close (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±11.3%
avg realized: ±15.2%

Dec 5 '24Dec 5 '24confirmed±10.8%▼−20.32%×1.89

Mar 6 '25Mar 6 '25confirmed±12.4%▼−10.93%×0.88

Jun 18 '25Jun 18 '25confirmed±10.9%▼−19.81%×1.81

Sep 4 '25Sep 4 '25confirmed±11.8%▲+6.46%×0.55

Q2 FY26Dec 4 '25confirmed±12.1%▲+23.01%×1.91

Q3 FY26Mar 5 '26confirmed±11.3%▲+18.66%×1.66

Jun 17 '26Jun 17 '26confirmed±10.2%▲+17.12%×1.68

Q1 FY26Sep 3 '26confirmed±11.3%▲+5.05%×0.45

quarterimplied−25%0+25%realized×

Q1 FY26±11.3%▲+5.05%×0.45

Jun '26±10.2%

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

Implied vs realized

Positioning

OI · 4 expiries · Oct 16 close

0.93OI · 4 expiries · Oct 16 closeP/C open interest · Dec 18 · first expiry after the report

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

116+16%Nov 2016d0.32362+19%0.32

report · Dec 3 · after close · est.

2,188+2%Dec 1844d2,341+2%

2,0080%Jan 1572d0.219,3680%0.21

512+15%Mar 19135d0.80639+13%0.80

ExpiryPutsCallsP/C

Nov 2016d116+16%362+19%0.32

report · Dec 3 · after close · est.

Dec 1844d2,188+2%2,341+2%0.93

Jan 1572d2,0080%

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

Positioning

Linked exposure

scenario · straddle±13.7%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ1 FY27

2.30%as filednet margin · revenue −25.38% QoQ · 0.00% YoY

Revenue

$113M−25.38% QoQ

Gross profit

$32M−24.77% QoQ

28.66% margin

Operating income

$4M−70.23% QoQ

3.75% margin

Pre-tax income

$4M−68.31% QoQ

Net income

$3M−74.68% QoQ

2.30% margin

Cost of revenue

$80M−25.62% QoQ

Operating expenses

$28M−2.35% QoQ

SG&A $15M

Marketing $10M

R&D $3M

Other expense

$200,000

Tax

$1M−41.72% QoQ

Revenue$113M−25.38%

Gross profit

$32M−24.77%

28.66% margin

Operating income

$4M−70.23%

3.75% margin

Pre-tax income

$4M−68.31%

Net income

$3M−74.68%

2.30% margin

Cost of revenue

$80M−25.62%

Operating expenses

$28M−2.35%

SG&A $15M

Marketing $10M

R&D $3M

Other expense

$200,000

Tax$1M−41.72%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 09:30 ET

Intraday

Event sensitivity

NFP ×2.17· ±3.3% vs ±1.5% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±3.3%5 of 10×2.17

PCEpersonal income & outlays±2.2%7 of 19×1.42

FOMCrate decision±1.5%8 of 24×0.95

CPIconsumer prices±1.3%3 of 10×0.87

PPIproducer prices±1.2%5 of 10×0.81

CPROFcorporate profits±0.9%2 of 12×0.60

GDPgross domestic product±0.9%4 of 19×0.56

Bar = avg |move| to ±4% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 0.06 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	—	0.06	—
Q4 FY26	—	0.23	—
Q3 FY26	Mar 5 '26 · confirmed	0.08	—
Q2 FY26	Dec 4 '25 · confirmed	0.04	—

Methodology

ties · implied moves · holdersMethod