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

Implied ±3.5%, either direction.

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

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

UVVNYSEWholesale-Farm Product Raw Materials

Universal Corp (UVV) earnings date, market-implied expected move, and options open interest by expiry

41.34

+0.69 · +1.69%

post 39.47 −4.52%

After hours15:59 ETdelayed

Open40.50Volume444,338Mkt cap$1.0BP/E51.93EPS0.76Div yield8.12%

Day39.47 – 40.500%52-wk38.11 – 56.417%

UVV

Universal Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±3.5%implied · report alone

8Q avg ±4.6%·×0.74·cheap

38.4741.23

straddle ±5.3%

spot 39.85exp Nov 20ATM strike 40ATM straddle 2.50IV 36%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 1 day

est.Q2 FY27

Calendar

Next report

Last report

−1.77%

vs ±6.0% implied · ×0.29

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

13dPM · customerPhilip Morris International Reports 2026 Third-Quarter & First Nine-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

News

Largest filed tie

13F top-10 QoQ

+2.23%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

231 managers

Top fund weight

0.04%

UVV weight · IWM

N-PORTJun 30 '26

4 funds

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

Universal (UVV) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±5.8%
avg realized: ±4.6%

Nov 12 '24Nov 12 '24confirmed±7.8%▼−1.25%×0.16

Feb 10 '25Feb 10 '25confirmed±6.5%▲+1.35%×0.21

May 29 '25May 29 '25confirmed±5.0%▲+10.12%×2.02

Aug 6 '25Aug 6 '25confirmed±5.7%▼−5.25%×0.92

Q2 FY26Nov 5 '25confirmed±5.4%▲+5.34%×0.99

Q3 FY26Feb 9 '26confirmed±3.1%▼−10.72%×3.49

Q1 FY27May 28 '26confirmed±7.1%▲+1.39%×0.20

Aug 5 '26Aug 5 '26confirmed±6.0%▼−1.77%×0.29

quarterimplied−15%0+15%realized×

Aug '26±6.0%▼−1.77%×0.29

Q1 FY27±7.1%

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

Implied vs realized

Positioning

OI · 2 expiries · Oct 30 close

0.33OI · 2 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

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

6210%Nov 2017d1,8840%

1,1070%Feb 19108d1.268760%1.26

ExpiryPutsCallsP/C

Nov 2017d6210%1,8840%0.33

Feb 19108d1,1070%8760%1.26

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

Positioning

Linked exposure

scenario · straddle±5.3%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Customers 1

PM±2.1%×0.39

Dashed = straddle · × = co-movement · max 499dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

−1.59%as filednet margin · revenue −26.77% QoQ · −11.79% YoY

Revenue$524M−26.77%

Gross profit$83M15.86%−15.62%

Operating income$2M0.44%+115.35%

Pre-tax income−$13M+57.04%

Net income−$8M−1.59%+75.98%

Cost of revenue$441M−28.55%

Operating expenses$81M−28.77%

Tax−$5M−193.95%

Other expense−$15M−1.15%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PCE ×1.69· ±1.9% vs ±1.1% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±1.9%11 of 19×1.69

CPROFcorporate profits±1.5%8 of 12×1.33

GDPgross domestic product±1.3%11 of 19×1.16

FOMCrate decision±1.1%9 of 24×0.98

CPIconsumer prices±1.1%5 of 10×0.98

PPIproducer prices±0.9%4 of 10×0.85

NFPjobs report±0.9%5 of 10×0.82

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS -0.20 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	May 28 '26 · confirmed	-0.20	—
Q4 FY26	—	-1.72	—
Q3 FY26	Feb 9 '26 · confirmed	1.32	—
Q2 FY26	Nov 5 '25 · confirmed	1.36	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod