Earnings Recap - February 18, 2026 (Morning)

 ## Overnight Earnings Movers Companies that reported after yesterday's close or before today's open: ### Beats & Positive Reactions **$WING** - Wingstop - Reported strong same-store sales growth of 13.5% and a Q4 EPS of $0.73, exceeding expectations. The stock is up over 13% on positive market sentiment regarding its growth strategy. **$MFA** - MFA Financial - Matched EPS expectations but topped revenue estimates with $62 million, leading to a modest rise in stock value as investors appreciate its steady performance. **$PERY** - Perry Ellis International - Beat earnings estimates with an EPS of $0.48 and revenue of $232 million, up 8% year-over-year. The stock saw a positive reaction due to improved sales in its apparel segments. ### Misses & Negative Reactions **$OPEN** - OPENLANE - Missed earnings expectations with an EPS of $0.12, falling short of the $0.17 estimate. Revenues did exceed expectations, but the stock is down as investors react negatively to the earnings miss. **$FWRD** - Forward Air - Reported an EPS of $0.52, missing estimates by $0.03, and revenue also fell short of expectations. The stock is down significantly as the market reacts to the disappointing guidance. ## Reporting Today Companies expected to report earnings today: - **$CZR** - After market - Key metrics to watch include revenue growth from leisure travel and gaming segments. - **$CDNS** - Before market - Key metrics to watch include revenue growth and guidance related to semiconductor demand. ## Earnings Themes What patterns are emerging from recent reports? - Revenue trends are generally positive across many sectors, particularly in consumer discretionary and technology. - Margin pressures are evident in logistics and transportation companies due to rising operational costs and competitive pressures. - Guidance sentiment appears mixed, with some companies raising forecasts while others signal caution based on macroeconomic conditions. ## Earnings Trade Ideas 1. **Wingstop ($WING)** - With strong same-store sales growth and an optimistic outlook, consider a buy on any dips. 2. **MFA Financial ($MFA)** - Given its steady revenue performance and matched EPS, it may be a good hold for income-focused investors.