Next week on the stock market

Among those currently scheduled to release results next week:

• Will BAE keep flying forward?
• International Consolidated Airlines will outline the outlook for long haul
• NVIDIA hoping to reverse revenue declines

If you'd like to receive this and other weekly shares content from us, sign up to our share insight email.

Got a topic suggestion for our experts? Ask our share research team your burning questions on markets, specific stocks and more, using the form below.

FTSE 100, FTSE 250 and selected other stocks scheduled to report next week:

*Events on which we will be updating investors.

BAE Systems – Aarin Chiekrie, Equity Analyst

BAE’s last trading update in November showed that it was tracking towards a very strong year, especially in terms of order intakes. In the first 9 months of the year, £28bn worth of orders were secured and we’re keen to find out how much more’s on the books when full-year results are released next week.

Undoubtedly, the Ukraine crisis has had positive effects on BAE’s growth, but no one quite knows how long this conflict will last. That’s why the order book is so important. As it’s predominantly long-cycle, with revenues spread over several years, it gives BAE multi-year revenue visibility. A great asset to have in uncertain times.

Investment in research & development has also increased recently, and we view this as a smart move. Companies which invest now are more likely to reap the benefits in the future, especially as defence spending across the world continues to trend upwards.

But costs have been facing pressure from supply chain disruption. While we’re confident that the fighter-jet maker can ride out the turbulence, next week’s results will give us a better idea of the impact this is having on margins, which analysts expect to remain broadly flat.

See the BAE Systems share price, charts and our latest view

Sign up for BAE Systems research

International Consolidated Airlines (IAG) – Sophie Lund-Yates, Lead Equity Analyst

The market expects IAG to report operating profits of EUR1.2bn for its full year. A stark improvement from the heavy losses this time last year. That comes as travel gets back to normal and pent-up travel demand works its magic. While their clientele might be different, we’re cautiously encouraged by what IAG will have to say judging by the impressive boosts to passenger numbers TUI has recently reported. We think IAG’s planes are now full enough on each of its flights that profits can start flowing, despite the considerable costs associated with getting capacity back up to pre-pandemic levels.

The bigger question is how forward bookings are shaping up. There’s a limit to how long pent-up demand can carry the mantle. We’d like to know how willing people are to spend on booking summer holidays, which is a crucial time of the year for long-haul specialist British Airways.

See the International Consolidated Airlines share price, charts and our latest view

Sign up to International Consolidated Airlines research

NVIDIA – Aarin Chiekrie, Equity Analyst

NVIDIA’s coming off the back of some tough results, having seen revenues decline for the second quarter in a row. The biggest cause of this was the steep drop-off in Gaming revenue, which saw an annual decline of 51% to $1.6bn.

More positive news comes from the Data Centre division, which has been there to pick up some of the slack. These data centers (and NVIDIA’s GPU’s which power them) provide the computing power behind Cloud storage, virtual desktops and even Artificial Intelligence (AI).

NVIDIA’s anticipating a strong recovery in gross margins in the fourth quarter, but we think a recent ramp up in inventories casts some shadows over this short-term goal. Missing next week’s target could see the stock come under some downward pressure, especially given the lofty valuation.

See the NVIDIA share price, charts and our latest view

Sign up to NVIDIA research

Remember, to invest in US shares you’ll need to complete a W-8BEN form.

Estimates are not a reliable indicator of future performance. Past performance is not a guide to the future. Investments rise and fall in value so investors could make a loss.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.