Equity Briefing: Unilever, Centrica, Twitter and Snap

Consumer goods giant Unilever and British Gas-owner Centrica will release interim results this morning, while attention this afternoon will be over in the US where scoail media platforms Twitter and Snap will report second-quarter earnings.

Stocks (2)

Unilever

Unilever will release second-quarter and interim results this morning. Unilever is hoping to bounce back this year and deliver 3% to 5% underlying sales growth, and we already know that came in at the upper end of that range in the first half. Analysts expect second-quarter revenue to come in broadly flat year-on-year at EUR13.40 billion even as Unilever starts to come up against weak comparatives from the year before when the pandemic hit. Revenue in the first-half is expected to come in at EUR25.72 billion, 0.1% higher than the year before. But interim adjusted EPS is expected to fall 7.3% year-on-year to EUR1.25.

Centrica

Centrica will release interim results today. Analysts are expecting Centrica, best-known for owning British Gas, to see revenue jump to $18.09 billion in the first half from just £12.52 billion the year before, but for adjusted EPS to fall to 1.80p from 2.50p. Guidance will be closely watched after Centrica refrained from providing a firm outlook due to the uncertainty being caused by the pandemic.

Twitter and Snap

Earnings season continues over in the US with social media platforms Twitter and Snap to report second-quarter results today. Twitter is expected to report 10% year-on-year growth in users and analysts anticipate it will hit the upper-end of expectations with revenue of $1.06 billion and that its quarterly net loss will shrink to $0.13 from $1.56. Meanwhile, Snap is forecast to deliver 22% growth in users and Wall Street expects the company to beat its own guidance with revenue of $845.5 million and adjusted Ebitda of $2.6 million. 

How to trade top stocks

You can trade a variety of stocks with Forex.com by following these four steps:

  1. Open a Forex.com account, or log-in if you’re already a customer.
  2. Search for the company you want to trade in our award-winning platform
  3. Choose your position and size, and your stop and limit levels
  4. Place the trade 

Get exceptional pricing & execution from a global market leader. Start trading with FOREX.com today.

OPEN AN ACCOUNT

More from Equities

Disclaimer: StoneX Financial Ltd (trading as "Forex.com") is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, Forex.com does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by Forex.com or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although Forex.com is not specifically prevented from dealing before providing this material, Forex.com does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.