Week ahead: Diageo, Rolls-Royce, HSBC among those slated to report

(Sharecast News) - Next week sees the release of results from Rolls-Royce, BA and Iberia owner IAG, drinks group Diageo, HSBC, Home Depot and US tech giant Nvidia. Engine maker Rolls-Royce will report on Thursday. Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said there's been little sign of turbulence at the company of late, with strong demand in its Civil Aerospace business remaining a running theme.

"Large Engine Flying Hours, a key driver of revenue for Civil Aerospace, grew by 8% over the first 10 months of the year, reaching 109% of pre-pandemic levels. There's also been a significant amount of large engine orders coming in. That provides good near-term revenue visibility and keeps the outlook for this key segment on an upward trajectory," he said.

"Elsewhere in the business, positive momentum in the Power Systems division continues to be driven by impressive growth in data centres, where demand for backup power systems remains high. Full-year guidance points to underlying operating profits landing between £3.1-3.2bn at next week's results. But with a growing track record of overdelivering, analysts see scope for profits to land slightly ahead of this figure."

As far as IAG is concerned, Chiekrie pointed out that market expectations for full-year operating profits have improved since the third quarter and are now expected to land at around £5.0bn, reflecting growth of around 13%. IAG reports on Friday.

Also due next week in the UK are results from Standard Chartered, Haleon, LSEG, Pearson, WPP, Hiscox and Howden Joinery.

In the US, Nvidia is slated to release its fourth-quarter numbers on Wednesday. Analysts at AJ Bell said the market is expecting sales growth of 67% to $65.5bn and a 71% jump in earnings per share to $1.52.

"Even more important may be any guidance for the first three months of the financial year to January 2027," said analysts Danni Hewson and Russ Mould.

Current headline consensus forecasts are for sales growth of 56% to $68.9bn and a near-doubling in earnings per share $1.60. "Remember that in the first quarter a year ago Nvidia took a $4.5 billion write-down owing to US export restrictions on its products to China," they said.

In Europe, results are due from Iberdrola, Wolters Kluwer, Telefonica, BASF, Delivery Hero, Bouygues, Saint Gobain and Adecco, among others.

Monday February 23

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

FINALS

Mony Group

Tuesday February 24

INTERIMS

Brooks Macdonald Group, City of London Inv Trust

INTERIM DIVIDEND PAYMENT DATE

Elixirr International

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Inventories (US) (15:00)

Consumer Confidence (US) (15:00)

House Price Index (US) (14:00)

Wholesale Inventories (US) (13:30)

Q4

Georgia Capital , Standard Chartered

FINALS

Croda International, Georgia Capital , Standard Chartered, Uniphar (CDI), Unite Group

FINAL DIVIDEND PAYMENT DATE

Cerillion

Wednesday February 25

INTERIMS

Avingtrans, Diageo, First Tin

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

GFK Consumer Confidence (GER) (07:00)

Gross Domestic Product (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

Q4

Lion Finance Group

GMS

Ariana Resources

FINALS

AB Ignitis Grupe GDR (Reg S), AFC Energy, Aston Martin Lagonda Global Holdings, Convatec Group , Haleon , Hammerson, Hiscox Limited (DI), HSBC Holdings, International Personal Finance, Morgan Sindall Group, Riverstone Credit Opportunities Income, Shaftesbury Capital, St James's Place, Valterra Platinum Limited (DI)

ANNUAL REPORT

AB Ignitis Grupe GDR (Reg S)

AGMS

Bankers Inv Trust, Image Scan Holdings, JPMorgan Asia Growth & Income

TRADING ANNOUNCEMENTS

Hays

Thursday February 26

INTERIMS

Avation, Genus, Pantheon International , Wilmington

INTERIM EX-DIVIDEND DATE

Ashmore Group, Calculus VCT , North Atlantic Smaller Companies Inv Trust, Northern Electricity Prf, Tribal Group

QUARTERLY EX-DIVIDEND DATE

Canadian General Investments Ltd., Diversified Energy Company (DI), Regional REIT Limited NPV, Unilever, Vaalco Energy, Inc (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (09:00)

Consumer Confidence (EU) (09:00)

Continuing Claims (US) (13:30)

Durable Goods Orders (US) (13:30)

Economic Confidence (EU) (09:00)

Industrial Production (EU) (09:00)

Initial Jobless Claims (US) (13:30)

M3 Money Supply (EU) (09:00)

Services Sentiment (EU) (09:00)

Q4

Burford Capital NPV (DI), Flutter Entertainment (DI), Hellenic Telecommunications Organization S.A. ADS(REPR 1/2 OF 1 SHS GRD750)

GMS

Me Group International, Sound Energy

FINALS

BioPharma Credit , Burford Capital NPV (DI), Derwent London, Diversified Energy Company (DI), Drax Group, Flutter Entertainment (DI), Greencoat UK Wind, Hellenic Telecommunications Organization S.A. ADS(REPR 1/2 OF 1 SHS GRD750), Hikma Pharmaceuticals, Howden Joinery Group, Jupiter Fund Management , London Stock Exchange Group, Macfarlane Group, Mobico Group, Ocado Group, PPHE Hotel Group Ltd, Rolls-Royce Holdings, Societatea Energetica Electrica SA GDR (Reg S), Telecom Egypt SAE GDS (Regs), Vanquis Banking Group 20, WPP

ANNUAL REPORT

Greencoat UK Wind

AGMS

Blencowe Resources , IntegraFin Holding, Polar Capital Global Healthcare Trust

TRADING ANNOUNCEMENTS

WH Smith

FINAL DIVIDEND PAYMENT DATE

Blackrock Frontiers Investment Trust, Compass Group

FINAL EX-DIVIDEND DATE

Baronsmead Second Venture Trust, Baronsmead Venture Trust, Brunner Inv Trust, Diales Group, Morgan Advance Materials 5% Cumulative 2nd Preference 1, Morgan Advance Materials 5.5% Cumulative 1st preference 1, Newcastle 12 5/8% Perm Int Bearing Shs #1000, Scottish American Inv Company, Tharisa (DI)

Friday February 27

INTERIMS

Croma Security Solutions Group

INTERIM DIVIDEND PAYMENT DATE

B.P. Marsh & Partners, City of London 4.2% Cum 1st Prf Stk, City of London Investment Trust 4.2% Non-Cum 2nd Prf Stk, City of London Investment Trust Preference Ord Stk 14% Non-Cumulative 1, NB Private Equity Partners Ltd., The European Smaller Companies Trust

QUARTERLY PAYMENT DATE

Carnival, City of London Inv Trust, Custodian Property Income Reit, ICG Enterprise Trust, Octopus Renewables Infrastructure Trust , Picton Property Income Ltd, Supermarket Income Reit

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Import Price Index (GER) (07:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

Personal Spending (US) (13:30)

Retail Sales (GER) (07:00)

Unemployment Rate (GER) (08:55)

GMS

Europa Oil & Gas (Holdings), Mid Wynd International Inv Trust

FINALS

International Consolidated Airlines Group SA (CDI), Just Group, Melrose Industries, Rathbones Group, Rightmove, The Renewables Infrastructure Group Limited, Tritax Big Box Reit , Winking Studios Limited (DI)

EGMS

Starwood European Real Estate Finance Limited

AGMS

CC Japan Income & Growth Trust, Gooch & Housego, Home Reit , Me Group International

UK ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (00:01)

FINAL DIVIDEND PAYMENT DATE

Schroder UK Mid Cap Fund, SSP Group , Victrex plc