FTSE 100 and FTSE 250 shares – what to expect on the stock market next week

Among those currently scheduled to release results next week:

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

*Events on which we will be updating investors.

International Distribution Services – Matt Britzman, Equity Analyst

The name may have changed but the owner of Royal Mail remains in an especially
sticky spot. Battles with Unions over workers pay have continued to cause pain
for the group, its employees, and customers. Two strikes planned for early
November have been called off, as IDS and the Union attempt to resolve their
pay issues through an intermediary. That’s certainly not the end of things
though, rumours that fresh strikes are planned for the end of November and
start of December come slap bang in the middle of the busiest period of the
year.

Much of the focus next week will be on any updates with respect to
negotiations and the impact strikes are having on business performance. Back
in October, the group signalled it was expecting to deliver a first half
underlying operating loss of £219m for the UK business, Royal Mail, though the
reality may well be different.

The group’s international business, GLS, remains on track to deliver against
expectations. But it remains to be seen how long these two entities will sit
under the same roof, while Royal Mail continues to lose money.

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Experian – Matt Britzman, Equity Analyst

Experian’s position as a digital middleman between borrowers and lenders has
been a sweet spot as demand for data from both sides continues with strength.
Half year results next week should shed light on whether the group’s target of
7-9% organic growth this year remains intact. Analysts remain a little more
cautions, expecting growth toward the lower end of that range.

The consumer services division has been the standout of late, where the credit
marketplace helps push large volumes of clients onto lending partners. It’s an
area we’re expecting to see continue to do well, as embattled consumers start
to see their savings eroded and rely more on credit. It’s a trend we’ve
already seen, with strong growth over Q1 in cards and loans especially in the
large North America segment.

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Nvidia – Derren Nathan, Head of Equity Research

Nvidia expects third quarter revenues to be significantly lower than both the
last quarter and the same period in 2021. A key question is whether the
pioneer of superfast computer graphics cards has set the bar low enough with
its expectation that revenue will be within 2% of $5.9bn. It has certainly
been a tough time for the PC industry. Data from Gartner saw Global shipments
of PCs down 19.5% compared to the third quarter of 2021, the steepest fall
since the mid-nineties.

In recent quarterly updates from other microchip manufacturers, both Intel and
Advanced Micro Devices (AMD) have cut their guidance for 2022 as a whole.
There are some rays of light though. Nvidia has deep roots in gaming although
that now accounts for well under half of its revenues. Sales from data centre
customers now occupy the top spot. Encouragingly, rival AMD saw data centre
chip sales rise 45% in the third quarter and sales of gaming chips rise 14%.
With last reported net cash of $6.1bn, Nvidia is well placed to absorb some
bumps in the road, but with a challenging market we’ll be looking to see if
the pace of share buybacks has been maintained.

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performance is not a guide to the future. Investments rise and fall in value
so investors could make a loss.

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