Earnings Recap - February 14, 2026 (Morning)

 ## Overnight Earnings Movers ### Beats & Positive Reactions **$NWTL** - NatWest Group - Reported Q4 earnings of $0.34 per share, beating estimates by $0.11. Revenue also exceeded expectations, leading to a positive stock reaction. **$GRAB** - Grab Holdings Limited - Delivered a blowout quarter with revenues of $500 million, significantly above the consensus forecast, contributing to a strong stock performance. **$SPOT** - Spotify Technology S.A. - Reported a revenue increase of 17% year-over-year, topping expectations and resulting in a positive stock movement. ### Misses & Negative Reactions **$KHC** - Kraft Heinz - Missed earnings expectations, reporting EPS of $0.67 versus a forecast of $0.75, leading to a decline in stock value. **$STLA** - Stellantis N.V. - Reported lower-than-expected earnings due to rising EV production costs, resulting in a negative market reaction. ## Reporting Today - **$PCAR** - Before market - Key metrics to watch include revenue guidance and profitability margins as the company navigates supply chain challenges. - **$SONY** - After market - Focus will be on entertainment segment performance and any updates on gaming revenues. - **$SHOP** - After market - Analysts will look for updates on gross merchandise volume (GMV) and margin trends amidst competitive pressures. ## Earnings Themes - Revenue trends point towards a continued recovery in various sectors, particularly in technology and e-commerce, evidenced by strong performances from **$GRAB** and **$SPOT**. - Margin pressures are evident in sectors like consumer goods, as seen with **$KHC** and **$STLA**, suggesting that rising costs are affecting profitability. - Guidance sentiment appears mixed, with some companies raising forecasts while others express caution due to macroeconomic uncertainties. ## Earnings Trade Ideas - Consider a long position in **$NWTL** following its strong earnings beat, as the positive momentum may continue. - Explore potential short opportunities in **$KHC**, as its recent earnings miss and guidance may pressure the stock in the near term.