Earnings Recap - February 13, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$DKNG** - DraftKings - Reported Q4 revenue of $509 million, exceeding expectations of $485 million. The stock initially reacted positively but later fell sharply due to disappointing guidance, indicating challenges ahead. **$MRNA** - Moderna - Beat earnings estimates with Q4 EPS of $3.20 on revenue of $6.2 billion, driven by strong sales of its COVID-19 vaccine. The stock saw a positive reaction in pre-market trading. **$ENB** - Enbridge - Reported Q4 adjusted EPS of $0.77, beating the consensus estimate of $0.73. Revenue increased by 10% year-over-year, leading to a modest uptick in stock price. ### Misses & Negative Reactions **$PINS** - Pinterest - Reported Q4 EPS of $0.12, missing expectations of $0.20. Revenue also fell short at $1.04 billion versus the anticipated $1.12 billion. The stock is down approximately 22% in pre-market trading due to tariff impacts and slowing growth. **$ESS** - Essent Group - Reported Q4 EPS of $1.32, missing estimates by $0.12. Revenue also fell short, leading to a negative reaction in the stock price. **$CINF** - Cincinnati Financial - Missed Q4 EPS estimates by $0.18, with reported EPS of $1.05 against expectations of $1.23. The stock is seeing downward pressure as a result. ## Reporting Today Companies expected to report earnings today: - **$APD** - Before market - Key metrics to watch include revenue forecasts amid rising demand for hydrogen and other industrial gases. - **$KMX** - After market - Investors will be looking for guidance on sales growth and profitability in the used car market. - **$AMD** - After market - Focus on EPS and revenue estimates as well as updates on demand for chips amid competitive landscape. ## Earnings Themes What patterns are emerging from recent reports? - Revenue trends: Many companies are showing steady revenue growth, particularly in sectors like healthcare and industrials, buoyed by strong demand. - Margin pressures: Several reports indicate increasing cost pressures impacting margins, particularly in tech and consumer discretionary sectors. - Guidance sentiment: A mixed sentiment is noted, with some companies raising guidance while others lower expectations due to market uncertainties. ## Earnings Trade Ideas - Consider **$MRNA** for potential upside following robust earnings and strong sales figures, especially with ongoing demand for its vaccine products. - **$APD** may be a solid pick ahead of its earnings report, given the increasing industrial gas demand and potential positive guidance.