What to expect from a selection of FTSE 100, FTSE 250 and selected other companies reporting next week:
- Barratt Developments hoping for a brighter second-half outlook
- Disney’s streaming subscribers will be in the spotlight
- Unilever hopes to prove price hikes are still working
What to expect from a selection of FTSE 100, FTSE 250 and selected other companies reporting next week.
Among those currently scheduled to release results next week:
05-Feb | |
---|---|
Caterpillar* | Q4 Results |
McDonald's* | Q4 Results |
Vodafone* | Q3 Trading Update |
06-Feb | |
---|---|
BP* | Q4 Results |
discoverIE Group | Q3 Trading Statement |
Renishaw | Half Year Results |
Virgin Money | Q1 Trading Statement |
07-Feb | |
---|---|
Alibaba* | Q3 Results |
Ashmore | Half Year Results |
Barratt Developments* | Half Year Results |
DCC | Interim Management Statement |
PZ Cussons | Half Year Results |
Smurfit Kappa | Full Year Results |
UK Commercial Property REIT | Q4 Net Asset Value Statement |
Walt Disney Co* | Q1 Results |
08-Feb | |
---|---|
Anglo American | Q4 Production Report |
AstraZeneca* | Q4 Results |
British American Tobacco* | Full Year Results |
Compass Group* | Q1 Trading Statement |
PayPal* | Q4 Results |
SSE* | Q3 Trading Statement |
Syncona | Q3 Results |
Unilever* | Full Year Results |
Watches of Switzerland | Q3 Trading Statement |
09-Feb | |
---|---|
Bellway | Trading Statement |
Redrow | Half Year Results |
PepsiCo* | Q4 Results |
*Events on which we will be updating investors.
Barratt Developments – Aarin Chiekrie, Equity Analyst
Like all housebuilders, Barratt Developments has had to wrestle against some tough conditions in recent times. In a first-quarter update, we heard that reservations had taken a hit as buyers struggled with mortgage affordability, and the scrapping of the Help to Buy scheme hasn’t helped the sector either.
In next week’s half-year results, we expect to hear a slightly more upbeat tune from Barratt, as the outlook for the sector is showing some early signs of improvement. Lenders are becoming more competitive, which should stimulate buyer demand and help prop up the group’s order book. And build cost inflation is easing, which should provide some welcome relief to the group’s margins. We expect this to keep Barratt’s full-year guidance of 13,250-14,250 new homes well within reach. But it will take time for all of these tailwinds to feed through to the income statement, so markets still expect half-year revenue to be down by around a third at £1.8bn.
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Disney – Sophie Lund-Yates, Lead Equity Analyst
The market expects revenue to have nudged up around 0.8% in next week’s results, while operating profit’s anticipated to show close to 28% growth. Given the group’s valuation has seen a roughly 7.5% uplift since the start of the year, there’s clearly growing optimism that Disney can deliver.
All eyes will be on streaming subscriber growth over at Disney+. Competition remains fierce, and the group’s other big brands like ESPN+ and Hulu are also up against stiff competition. It’s upset on this front that’s likely to move the dial.
Finally, it’s cost savings that investors will be watching. Disney expects to reduce costs by a further $2bn, but this won't be coming from further widespread job cuts. Stemming losses in streaming is the right play to make, but it’s a difficult balance to get right when competitors are snapping at your heels.
See the Disney share price, charts and our latest view
Unilever - Sophie Lund-Yates, Lead Equity Analyst
All eyes are on price hikes at brand powerhouse Unilever. Last quarter, Unilever reported third-quarter sales of €15.2bn, reflecting underlying sales growth of 5.2% - in line with expectations. Price hikes of 5.8% more than offset a 0.6% drop in volumes.
With inflation easing, we wonder how pronounced price increases are nowadays. We’d also like to see volumes picking up some more slack.
New CEO Hein Schumacher has announced a renewed focus on gross margin improvement, and we’d like some more information on how this is going. A focus on the group’s 30 biggest brands is on the cards, and we should get some details on further plans to streamline the portfolio.
See the Unilever share price, charts and our latest view
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