Companies across a range of sectors, including retail, tech and mining, are due to report in the week ahead, in another busy few days of earnings. In the US, Walmart's (WMT) fourth-quarter earnings will be in focus, as the retailer is considered to act as a barometer for consumer behaviour. Chipmaker Analog Devices (ADI) is also set to report, with shares in the company trading around all-time highs. On the UK's FTSE 100 (^FTSE), investors will be looking at BAE System's (BA.L) full year results, given how strongly the defence sector has performed as governments have pledged to spend more in this area amid heightened geopolitical tensions. Another UK blue chip due to report in the coming week is miner Rio Tinto (RIO.L), which has already reported strong production in the fourth quarter. Here's more detail on what to look out for: Walmart (WMT) – Reports fourth quarter results on Thursday 19 February Market jitters around tech stocks recently prompted a rotation into other sectors, which helped drive up shares in retail giant Walmart, seeing the company hit a $1tn ($730bn) valuation. Walmart is the largest brick-and-mortar retailer in the US, so its performance is considered to offer some insight into consumer behaviour. The company's fourth quarter results are due to be released on Thursday, 19 February, nearly three weeks after John Furner stepped into the role of CEO, taking over from Doug McMillon. The change in leadership was announced in November, just days before the release of Walmart's third quarter results, in which the company beat forecasts. Read more: Stocks that are trending today Walmart posted 6% growth in revenue to $179.5bn in the third quarter, which topped estimates of $177.6bn. Meanwhile, adjusted earnings per share (EPS) came in at $0.62, versus expectations of $0.60. In addition, same-store sales for its US business also beat expectations, increasing 4.5% against forecasts for a 4% rise. Walmart also raised its guidance for the fiscal year, saying it expected net sales to increase by 4.8% to 5.1%, up from a previously expected range of 3.75% to 4.75%. The company said it expected adjusted EPS to be in the range of $2.58 to $2.63, compared to previous guidance of $2.52 to $2.62. Alongside its third quarter results, Walmart announced that it was switching its listing from the New York Stock Exchange (NYSE) to the tech-focused Nasdaq (^IXIC) and completed the transfer in early December. Shares in the retailer are currently up 29% over one year. NasdaqGS - Delayed Quote•USD (WMT) Follow View Quote Details 133.64 +4.87 (+3.78%) At close: February 12 at 4:00:00 PM EST Advanced Chart Analog Devices (ADI) – Reports first quarter results on Wednesday 18 February Shares in chipmaker Analog Devices are up 61.5% at the time of writing, trading at around an all-time high. The stock rose on the back of the company's fourth quarter results, released in November, in which it beat expectations. Analog Devices reported fourth-quarter revenue of $3.08bn, which was ahead of estimates of $3.01bn, according to a Reuters report. Read more: EU economy grows 0.3% in fourth quarter Adjusted earnings per share for the quarter of $2.26 were also higher than estimates of $2.22. In addition, forecasts of $3.1bn revenue for the first quarter, plus or minus $100m, were ahead of an average analyst estimate of $2.96bn, as per Reuters' report. The chipmaker said it expected adjusted EPS to be $2.29, plus or minus $0.10, versus forecasts of $2.16 per share. NasdaqGS - Delayed Quote•USD (ADI) Follow View Quote Details 331.36 -5.64 (-1.67%) At close: February 12 at 4:00:02 PM EST Advanced Chart BAE Systems (BA.L) – Reports full year results on Wednesday 18 February Shares in BAE Systems are up 60% over one-year, as investors have piled into defence stocks thanks to increased government spending commitments. Richard Hunter, head of markets at Interactive Investor, said: "It is an unfortunate sign of the times that defence stocks are squarely back in fashion, as governments around the world look to protect their interests and lands from growing geopolitical tensions. "Reminders of brittle relationships are seemingly never far away, ranging from potential and actual conflicts in the likes of Venezuela, between China and Japan, and Russia and Ukraine." Stocks: Create your watchlist and portfolio Hunter said that government pledges to allocate a higher percentage of gross domestic product (GDP) to defence spending over the next decade has meant that "opportunities remain within the burgeoning defence sector". "BAE Systems is well placed given the diversity of its operation by both business lines and geography," he said. In a trading update in November, BAE said it had secured orders of more than £27bn ($36.7bn) in the 10 months to October, compared to £25bn for the same period a year earlier. The company reiterated previously raised guidance, saying it expected sales for the full year to have grown by 8% to 10%, based on the £28.3bn reported for 2024. BAE has forecast 9% to 11% growth in underlying earnings before interest and tax (EBIT), from £3bn in 2024 and an 8% to 10% increase in underlying earnings per share, compared to 68.5p for the previous year. LSE•USD (BA.L) Follow View Quote Details 1,969.50 +44.50 (+2.31%) As of 1:18:23 PM GMT. Market Open. Advanced Chart Rio Tinto (RIO.L) – Reports annual results on Thursday 19 February Mining giant Rio Tinto has already given investors some idea of what to expect from full-year performance, having released its fourth-quarter production results on 21 January. Rio Tinto said it had seen record fourth-quarter iron ore production from its Pilbara operations, with growth of 4% year-on-year. Meanwhile, aluminium production increased 2% in the final quarter. Copper production grew by 5% in the fourth quarter and 11% over the year, which exceeded the top end of the company's increased guidance range. Derren Nathan, head of equity analysis at Hargreaves Lansdown, said: "Rio Tinto’s mines look to be producing at full tilt as Simon Trott prepares for his first set of full-year results as CEO. Read more: NatWest posts 24% surge in annual profits "Last month’s fourth-quarter production report saw new records being broken, including shipments from the flagship Pilbara iron ore operation, as well as production of copper, bauxite and lithium," he said. "Rio, as a minimum, met all 2025 guidance with added beats on copper and bauxite." He said that the company's full-year free cashflow is expected to fall to $2.7bn from $6.5bn, reflecting increased levels of capital expenditure. "But with iron ore and copper prices strengthening over the second half, there may be some scope for upside," he said. "With the Glencore (GLEN.L) tie-up now firmly off the table, attention will turn back to the outlook for 2026, with first production from Ghana’s Simandou mine and a restructuring at the Iron Ore Company of Canada likely to be the key dial movers." Rio Tinto shares are currently trading at an all-time high, with the stock up 45% over one year. LSE•USD (RIO.L) Follow View Quote Details 7,063.00 -148.00 (-2.05%) As of 1:18:18 PM GMT. Market Open. Advanced Chart Other companies reporting next week include: Monday 16 February BHP Group (BHP.L) Bridgestone (5108.T) Tuesday 17 February Antofagasta (ANTO.L) InterContinental Hotels Group PLC (IHG.L) Coca-Cola Europacific Partners (CCEP.L) Springfield Properties (SPR.L) Asahi (2502.T) Kerry Group (KRZ.IR) M6 (MMT.PA) Palo Alto Networks (PANW) Constellation Energy Corporation (CEG) Medtronic plc (MDT) Kenvue Inc. (KVUE) Waystar Holding Corp (WAY) eToro Group (ETOR) Bumble (BMBL) Cadence Design (CDNS) Devon Energy (DVN) Toll Brothers (TOL) Caesars Entertainment (CZR) Wednesday 18 February Glencore (GLEN.L) Singapore Telecom (Z74.SI) Orange (ORA.PA) Telecom Italia (TIT.MI) Carrefour (CA.PA) Wienerberger (WIE.VI) Carvana (CVNA) Moody's Corporation (MCO) DoorDash (DASH) eBay Inc (EBAY) Garmin (GRMN) Manchester United plc (MANU) Kinross Gold (KGC) Occidental Petroleum (OXY) Tenaris (TS) Paramount Skydance (PSKY) Equinox Gold (EQX) Molson Coors (TAP) Bausch & Lomb (BLCO) Liberty Global (LBTYA) Thursday 19 February Centrica (CNA.L) Mondi (MNDI.L Nestlé (NESN.SW) Airbus (AIR.PA) Zurich Insurance (ZURN.SW) Hochtief (HOT.DE) Pernod Ricard (RI.PA) Repsol (REP.MC) BE Semiconductor (BESI.AS) Accor (AC.PA) Renault (RNO.PA) Klarna (KLAR) Deere (DE) Newmont (NEM) AON (AON) Zscaler (ZS) Dropbox (DBX) Friday 10 October Anglo American (AAL.L) SEGRO (SGRO.L) TBC Bank (TBCG.L) Danone (BN.PA) Kingspan (KRX.IR) AngloGold Ashanti (AU) The Western Union Company (WU) You can read Yahoo Finance's full calendar here. Read more: What is a UK digital gilt, and how can you buy one? UK economy posts sluggish 0.1% growth in final quarter of 2025 UK housing market showing early signs of recovery, surveyors say Download the Yahoo Finance app, available for Apple and Android.
Stocks to watch next week: Walmart, Analog Devices, BAE Systems and Rio Tinto
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