Monday, February 23, 2026
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Earnings season is the heartbeat of the market, and every day brings fresh signals about where money is flowing. With each report, we learn not just how companies are performing, but how investors are reacting. In the Daily Beat, we spotlight the most important S&P 500 earnings moves from the prior session: the winners, the losers, and the reactions that reveal what really matters to the market right now. Whether it's a bellwether with broad economic implications or a niche name making waves, we cut through the noise to focus on the setups that matter most. |
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Here are the latest earnings stats from the S&P 500 👇 |
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*Click the image to enlarge it At the top of Friday's Beat Sheet was the $32B industrial REIT stock, Extra Space Storage $EXR. After beating expectations across the board, shareholders were rewarded with a +2.13 reaction score. EXR reported $860M in revenue, beating the expected $850M, and earnings per share of $1.36, beating the expected $1.17. The positive earnings reactions from Comfort Systems $FIX and Live Nation Entertainment $LYV also stood out to us. At the bottom of Friday's list was the $13B software stock, Akamai Tech. $AKAM. Following a double beat, shareholders received a -6.64 reaction score. AKAM's revenues came in at $1.09B, beating the expected $1.08B, and earnings per share of $1.84, beating the expected $1.76. The beatdowns in Consolidated Edison $ED, Copart $CPRT, and Newmont $NEM also stood out to us. Let's talk about what else happened 👇 |
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EXR had its best earnings reaction since Q4 2023🔥 |
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Extra Space Storage had a +4.6% post-earnings reaction, and here's what happened: |
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- 16 of the top 20 markets saw positive move-in rates and sequential revenue growth in Q4.
- Breaking a strong primary downtrend, same-store revenue growth turned green in Q4 2025.
- In addition to the strong quarter, the management team issued better-than-expected forward guidance.
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For over a year, this stock has been stuck in a well-defined range, and the company's earnings events have consistently punished shareholders. However, that seems to be changing, and the fundamentals are leading the way higher. Following the best earnings reaction in years, the stock is now challenging the upper-bound of a textbook bearish-to-bullish reversal pattern. A breakout to new 52-week highs would confirm the beginning of a brand-new primary uptrend for EXR. |
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AKAM has been punished for 5 of its last 6 earnings reports🩸 |
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Akamai Tech. had a -14.1% post-earnings reaction, and here's what happened: |
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- While revenues increased 7% year-over-year, led by 45% top-line growth in the Cloud Infrastructure Services (CIS) segment.
- Despite strong top-line performance, net income cratered 36% year-over-year.
- The management team expects CIS to continue growing by 45-50%, but the bottom-line will remain under pressure as the company spends a quarter of all revenues on CapEx.
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Heading into last week's report, this stock looked poised to put the finishing touches on a textbook bearish-to-bullish reversal pattern. However, the fundamentals weren't confirming the technicals. And sure enough, the setup turned into a nasty failed breakout. Until AKAM's earnings sentiment turns positive, we expect further range-bound price action. Cheers to a new week! -The Beat Team |
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Editor's Note: Are you looking for a structured approach to identifying leadership as it emerges after earnings? Our new Beat Report research is for you. |
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STAY HUNGRY. STAY FOOLISH |
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