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Next week on the stock market: Baker Hughes, Fevertree, Verizon

What to watch from the FTSE 100, FTSE 250 and selected other companies reporting week commencing 22 January 2024.

Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

What to expect from a selection of FTSE 100, FTSE 250 and selected other companies reporting next week:

  • Will the increasingly complex picture for energy benefit Baker Hughes?

  • Fevertree hoping to avoid missing expectations again

  • Can Verizon bring life back to its consumer phone business?

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No FTSE 350 Reporters


Associated British Foods*

Q2 Trading Statement

Baker Hughes*

Q4 Results

Crest Nicholson

Full Year Results


Q4 Results

Verizon Communications*

Q4 Results



Q4 Results


Pre-Close Trading Statement


Pre-Close Trading Statement


Q1 Trading Statement


Q4 Production Report

Hochschild Mining

Q4 Production Report

J D Wetherspoon*

Q2 Trading Statement


Q4 Trading Statement


Q4 Results

Tullow Oil

Trading Statement



Q1 Results

CVS Group*

Half Year Trading Statement


Full Year Results


Q3 Trading Statement

IG Group

Half Year Results

Intermediate Capital Group

Q3 Trading Statement


Full Year Results

Mitie Group

Q3 Trading Statement

PPHE Hotel Group

Full Year Trading Statement

St James's Place

Full Year New Business Announcement


Q1 Results

Wizz Air

Q3 Results


Paragon Banking Group

Q1 Trading Statement

Volvo AB*

Q4 Results

WH Smith

Trading Statement

*Events on which we will be updating investors.

Baker Hughes

Baker Hughes reported strong business growth in each of the first three quarters of 2023. That was reflected in revenue and profit as well as increased order intake in both Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The midpoint of guidance for the final three months suggests that revenue has increased by around 17% to $6.9bn, with underlying cash profit (EBITDA) up about 14% to $1.1bn.

Looking to 2024, it’s a complex picture. Oil prices have cooled lately, but sustained tension in the Middle East could see this trend reverse. Meanwhile, The Conference of Parties has, for the first time, called for a transition away from fossil fuels at last month’s COP28 in Dubai. Continuing softness in US domestic drilling activity is also something to be mindful of. But Baker Hughes doesn’t have all its eggs in one basket and continues to innovate in both traditional and new energy technologies.

Prices delayed by at least 15 minutes


Fevertree’s results in recent times have been anything but dull. Back at the half-year mark, sales came in at around £175.6mn, 2% weaker than the market was expecting. Unseasonably poor weather in the UK was blamed for a lacklustre summer trading period. And coupled with falling margins, the group lowered both its top and bottom line outlook for the full year.

Markets are now expecting full-year revenue to grow by around 11.6% to £384mn. Successful expansion in its growing US and European markets will be key to hitting this target. Any further disappointments in full-year results next week would likely put more pressure on the tonic maker’s valuation, which is down around 60% over the last 2 years.

Prices delayed by at least 15 minutes


Verizon has built up a bit of traction and investors will be hoping for continued momentum in next week’s fourth-quarter results. Revenue’s expected to come in at around $34.55bn with earnings per share of $1.08.

One of the key questions for investors is whether Verizon can deliver continued and sustained post-paid wireless phone subscriber growth. In this regard, the consumer unit has been struggling, offset somewhat by growth in business users. The trend is improving off the back of new initiatives and leadership changes, but growth continues to lag peers. We’ll be watching for commentary on how Verizon plans to drive further improvements over the coming year.

Prices delayed by at least 15 minutes

Unless otherwise stated estimates are a consensus of analyst forecasts provided by Refinitiv. These 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.

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Written by
Aarin Chiekrie
Aarin Chiekrie
Equity Analyst

Aarin is a member of the Equity Research team. Alongside our other analysts, he provides regular research and analysis on individual companies and wider sectors. Having a keen interest in global economics, he knows how macro-events can impact individual companies.

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Article history
Published: 19th January 2024