Dear Webull Stock Fans, Mark Your Calendars for August 19

Webull (BULL) investors have a date they need to remember. The online brokerage is set to report second-quarter 2026 earnings on Aug. 19, and Wall Street has a clear picture of what it expects.

According to data compiled from Yahoo Finance:

• Three analysts covering the stock are projecting average revenue of $182.83 million for the quarter.
• That would mark a sizable jump from the $156.94 million Webull posted in the same period a year ago, a gain of roughly 24%.
• Average earnings per share of $0.03 for the quarter, well below the $0.06 it reported a year earlier. 

Still, for a company that only recently turned profitable on a consistent basis, even a small positive number keeps a streak alive.

Is Webull a Good Buy Right Now?

Founded in 2016 and based in St. Petersburg, Florida, Webull runs a digital investment platform used by retail traders worldwide. 

Its offerings span trading, wealth management products, market data, and investor education. Through its licensed broker-dealers, the company operates in more than a dozen countries, including the United States, Canada, the United Kingdom, Australia, Hong Kong, Singapore, and the Netherlands.

The company went public a little over a year ago, and its most recent full quarterly report, for the first quarter of 2026, showed just how fast the business has been growing. 

Revenue came in at $159.9 million, up 36% year-over-year (YoY). Customer assets reached $24 billion, a 90% increase from a year earlier, and equity notional volume more than doubled to $261 billion.

Group President and U.S. CEO Anthony Denier told analysts on that call that the company was at an inflection point in the brokerage industry, where trading happens as much through AI agents as through a smartphone app. "The interface of the future is not a screen on a smartphone," Denier said. "It is an API."

New Products Could Shape the Quarter

On July 27, the company announced the launch of Managed Bond Portfolios, a new offering from Webull Advisors built with fixed income technology firm Moment. 

The service lets everyday investors access professionally managed bond portfolios starting at just $500, a stark contrast to the $250,000 minimums such services have traditionally required.

Then on Aug. 4, Webull rolled out a much bigger update to its AI strategy. It announced native connectors for ChatGPT, Claude, and Grok, along with a new command-line tool called Webull CLI and an expanded set of AI skills for its Model Context Protocol server. 

Those skills let AI assistants pull earnings forecasts, SEC filings, dividend calendars, and industry comparisons directly through natural language prompts.

"The next generation of investors won't simply ask AI for market insights, they will expect AI to help them research opportunities, monitor portfolios, identify risks, and understand account activity more seamlessly," said Jack Keating, head of AI and CEO of Webull Tech US, in the announcement.

Why the June Rule Change Matters

One factor likely to show up in second-quarter results is the elimination of the Pattern Day Trader rule, which took effect June 4. Webull's average account size sits just below $5,000, meaning many of its customers were directly affected by the old rule limiting day trades for smaller accounts.

Denier told analysts in May that he expected the rule change to boost transaction activity by at least 20% over time, though not immediately. "This is not going to happen on day one on June 4, but I believe this will happen over time," he said on the call. 

He also pointed to a potential wave of account consolidation, as active traders who previously split their day trades across multiple brokerages to work around the old rule may now bring those assets to a single platform.

CFO H.C. Wang also told analysts in May that trading volumes and market share hit all-time highs in April, with the trend continuing into May. Whether that momentum carried through the entire second quarter, and how much of it came from the PDT rule change, will be a key thing to watch when Webull reports on Aug. 19.

For now, investors have a date circled and a set of numbers to measure against. The company's marketing spend, its push into AI infrastructure, and its expansion into fixed income products all add layers to a story that goes well beyond a single earnings print.

Is BULL Stock Undervalued?

Analysts tracking Webull forecast revenue to increase from $571 million in 2025 to $908.43 million in 2027. In this period, adjusted earnings are projected to expand from $0.28 per share to $0.31 per share. 

Out of the four analysts covering BULL stock, three recommend “Strong Buy,” and one recommends “Hold.” The average BULL price target is $12.33, well above the current price of $7.88. Even the lowest target price of $10 surpasses the stock's current price.