Cactus, Inc. (WHD) Hits Fresh High: Is There Still Room to Run?

The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 29, 2026, Cactus reported EPS of $0.93 versus consensus estimate of $0.71.

For the current fiscal year, Cactus is expected to post earnings of $3.12 per share on $1.67 in revenues. This represents a 15.99% change in EPS on a 54.61% change in revenues. For the next fiscal year, the company is expected to earn $3.54 per share on $1.79 in revenues. This represents a year-over-year change of 13.54% and 7.27%, respectively.

Valuation Metrics

Though Cactus has recently hit a 52-week high, what is next for Cactus? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Cactus has a Value Score of D. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 23.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 22.2X. On a trailing cash flow basis, the stock currently trades at 21X versus its peer group's average of 8.2X. Additionally, the stock has a PEG ratio of 2.6. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Cactus currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Cactus meets the list of requirements. Thus, it seems as though Cactus shares could have a bit more room to run in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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