U.S. markets are closed Monday, February 16, for Presidents Day, but the week quickly accelerates into a multi-sector “earnings pulse check” from Tuesday through Friday. The mix matters: investors get simultaneous signals on enterprise tech spending, consumer resilience, industrial capex, utility demand, and commodity-linked margins—often with fresh 2026 guidance that can move not only individual stocks but sector leadership.
Below is a sector-grouped preview of the key names on your February 16–20 calendar, with consensus expectations (where available) and the “what to watch” items that typically drive post-print reactions.
Why it matters: Cybersecurity spending is often viewed as “non-discretionary,” so this report can set the tone for enterprise software budgets—especially around next-gen platform consolidation and AI-driven security use cases.
Consensus: Analysts broadly expect EPS around $0.93 and revenue around $2.58B for the quarter.
What to watch: billings/remaining performance obligations (RPO), platform adoption signals, and management’s forward commentary on large-deal scrutiny and renewal trends. In cybersecurity, guidance often matters more than a small EPS beat.
Why it matters: EDA sits close to the “picks-and-shovels” layer of the AI hardware cycle. Results here can influence sentiment across semis and AI compute capex themes.
Consensus: EPS ~$1.90 on revenue ~$1.424B.
Analyst tone: MarketBeat data flags a consensus “Moderate Buy” and a published consensus target around $379.59 (as of the referenced snapshot).
What to watch: bookings and backlog commentary, plus any 2026 demand color tied to advanced-node design intensity and AI-related design activity.
Why it matters: ADI is a key read-through on the analog cycle and industrial/communications demand—areas investors watch for confirmation of a broader semiconductor recovery.
Consensus: Expectations cluster around non-GAAP EPS ~$2.29 and revenue ~$3.1–$3.12B.
What to watch: industrial segment momentum and management’s view on order normalization. Prior guidance referenced a ~$3.1B revenue outlook with EPS around $2.29 (± ranges), which can anchor expectations heading into the print.
Why it matters: Power demand narratives—especially data centers—have become a market-level theme. Nuclear-heavy generation portfolios can trade sharply on guidance, contract updates, and pricing outlook.
Consensus: Zacks’ calendar points to EPS around $2.17–$2.18 for the upcoming release. A referenced estimate set also cites revenue around $5.49B.
What to watch: forward power price assumptions, commercial/hedging commentary, and any incremental disclosures tied to large-load customers.
Why it matters: ET can move with changes in volume outlook, project execution, distribution coverage, and (increasingly) narratives around energy infrastructure supporting power-hungry data center buildouts.
Consensus: Multiple sources cluster around EPS ~$0.36–$0.37; revenue expectations vary by source and reporting conventions, with figures cited around $23.56B, $24.38B, and $26.02B.
Analyst tone: One snapshot notes a consensus “Moderate Buy” and a consensus target near $21.50, plus a recently raised distribution rate referenced in the same preview context.
What to watch: distribution coverage, capex discipline, and any data-center/power-infrastructure commentary that could reframe ET as more than a “classic” midstream story.
Why it matters: Regulated utilities often trade on rate-base growth visibility, financing costs, and regulatory outcomes. In a market sensitive to rates and power demand, updates here can influence the broader utility tape.
Consensus: EPS ~$0.56 and revenue ~$6.86B are widely cited for the quarter.
What to watch: management’s outlook on load growth, capex plans, and the regulatory cadence that supports earnings trajectory.
Why it matters: PWR has become a leveraged play on grid expansion, utility capex, and AI-driven electricity demand. It can also act as a sentiment bellwether for U.S. infrastructure execution.
Consensus: EPS ~$3.02 and revenue ~$7.36B.
What to watch: backlog and booking momentum, labor availability, and margin commentary. Investors will also parse how much incremental demand is truly durable versus timing-driven.
Why it matters: Deere’s print often becomes the market’s shorthand for farm economics and equipment-cycle health. This quarter is especially sensitive given expectations for a tougher ag demand backdrop.
Consensus: A referenced forecast points to EPS around $1.90 and revenue around $7.5B. Broader calendar commentary highlights expectations for sharply lower earnings amid a downturn in ag equipment demand.
What to watch: North America large ag equipment demand commentary, dealer inventory trends, and 2026 outlook language (pricing, production cuts, and precision/tech attach rates).
Why it matters: Waste services are a classic “defensive with pricing power” group. RSG results can inform expectations for volume trends, contract pricing, and margin resilience.
Consensus: EPS ~$1.62 on revenue ~$4.21B.
What to watch: pricing versus volume mix, operating margin progression, and any signals that municipal/commercial demand is tightening or stabilizing.
Why it matters: CRH ties directly to construction activity and infrastructure spending. With investors constantly recalibrating the pace of building cycles, this report can move not just materials but broader industrial sentiment.
Consensus: For the scheduled report, MarketBeat lists consensus EPS ~$2.20 and expected revenue ~$11.15B.
What to watch: North America demand commentary, project pipeline visibility, and pricing discipline as input costs and labor dynamics evolve.
Why it matters: Walmart is a high-signal consumer barometer. Guidance and traffic trends can reshape investor views on inflation pressures, trade-down behavior, and retail margin durability.
Consensus: One cited preview pegs EPS at ~$0.73 on revenue around ~$189.99B.
What to watch: U.S. comp sales, e-commerce growth, grocery mix, and operating margin commentary—especially anything that reframes consumer health going into 2026.
Why it matters: Travel demand has been a key “services strength” pillar. BKNG results can move travel broadly and influence expectations for discretionary spending resilience.
Consensus: Sources cluster around EPS ~$47.6–$48.5 and revenue ~$6.11B.
What to watch: gross bookings, take rate, and forward booking/travel demand commentary—plus any signs of regional softness or length-of-stay normalization.
Why it matters: On-demand delivery is a battleground for frequency, fees, and profitability. Investors tend to focus on order growth and margin trajectory more than headline EPS.
Consensus: MarketBeat cites EPS ~$0.58 and revenue ~$3.984B.
What to watch: marketplace GOV/order trends, advertising/merchant services momentum, and profitability progress. (One preview also notes meaningful insider selling activity, which can become a talking point around sentiment.)
Why it matters: CVNA sits at the intersection of consumer health and credit conditions. Earnings reactions often hinge on unit economics and funding/financing commentary.
Consensus: MarketBeat cites EPS ~$1.10 and revenue ~$5.24B.
What to watch: retail unit sales, GPU (gross profit per unit), operating expense discipline, and any language about funding costs and demand elasticity.
Why it matters: Medtronic can provide a clean window into procedure volumes, device pricing, and hospital capital budgets—key signals for the broader medtech complex.
Consensus: Estimates referenced in earnings previews point to EPS ~$1.33 and revenue ~$8.895B.
What to watch: segment growth consistency and margin commentary, particularly if costs or pricing dynamics shift.
Why it matters: For biotech, pipeline and trial updates can dominate the trading response even more than quarterly numbers—especially after major clinical headlines.
Consensus: MarketBeat cites a loss of about $1.07 per share and revenue around $233.57M.
What to watch: pipeline progress and regulatory/launch commentary. Recent reporting highlights a notable setback in a Phase 2 program, while some analysts maintained positive stances despite lowering targets—making forward updates a potential volatility trigger.
Why it matters: BHP is a global bellwether for iron ore, copper, and broader industrial commodity demand. Its updates often ripple into the entire materials complex.
Timing note: ADR-focused calendars list Feb 16, 2026 for the next report.
What to watch: commodity price realization commentary, production/cost guidance, and capital returns posture (dividends/buybacks). In a commodities tape, balance-sheet and payout signals can matter as much as the income statement.
Why it matters: Rio is another heavyweight read on iron ore (and broader base-metals exposure). The market often trades Rio on dividend expectations and China-linked demand sentiment.
Consensus: TipRanks’ preview snapshot lists EPS around ~$3.81.
What to watch: dividend commentary, iron ore shipment/price environment framing, and any forward demand color.
Why it matters: Newmont is one of the most closely watched gold miners—cost commentary, production stability, and integration/synergy language can drive major post-earnings moves.
Consensus: EPS ~$1.81 with revenue estimates cited around $5.76B and also around $6.18B depending on the source snapshot.
What to watch: AISC (all-in sustaining costs), production guidance, and balance-sheet/capital return posture—especially if gold-price narratives remain supportive.
Why it matters: KGC is a high-beta gold miner; earnings reactions can amplify broader precious-metals sentiment.
Consensus: Zacks-linked previews cite EPS ~$0.55 and revenue ~$1.87B, while other previews reference ~$0.56 EPS and revenue around $2.1B—a range that still implies strong year-over-year growth expectations.
What to watch: cost discipline, production consistency, and any 2026 capex signals.
Why it matters: Silver-linked names can be especially volatile because they trade both fundamentals and macro narratives (rates, industrial demand, investor flows).
Consensus: Previews cite EPS ~$0.90 with sales around ~$1.18B.
Company signal: Pan American has said it expects to release audited financial and operating results for Q4/FY 2025 on Feb 18 after market close.
What to watch: 2026 guidance framing (production/costs/capex) and any operational updates that change the margin outlook.
Why it matters: Royalty/streaming models can be perceived as “quality” precious-metals exposure, often trading on revenue/volume realizations and portfolio commentary rather than pure mining execution risk.
Street view (consensus): MarketBeat cites EPS ~$2.57 and revenue ~$425.47M.
What to watch: portfolio performance and any updates to stream/royalty asset outlooks.
Why it matters: AU rounds out the week with another major gold-linked print—useful for confirming whether the sector’s margin tailwinds are broad-based.
Consensus: One preview references EPS ~$1.90 and revenue ~$3.03B expectations for the quarter.
Analyst tone: A MarketBeat note characterizes the average recommendation as “Moderate Buy.”
What to watch: costs, production performance, and any forward outlook that reframes 2026 free cash flow potential.
Important timing clarification: Lloyds already released its annual results on January 29, 2026 (including profit figures referenced in reporting), and February 18 is tied to the publication of the Annual Report & Accounts and Pillar 3 disclosures rather than a fresh quarterly earnings release.
Why it matters anyway: Pillar 3 and annual report details can still matter for investors because they expand transparency on capital, risk-weighted assets, liquidity, and credit-risk posture—often influencing how the market prices bank resilience.