We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unity Software Inc. (U) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
Unity Software Inc. (U - Free Report) closed at $23.07 in the latest trading session, marking a -3.51% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw a decrease of 0.51%.
The stock of company has risen by 9.38% in the past month, leading the Computer and Technology sector's gain of 2.98% and the S&P 500's gain of 0.45%.
The investment community will be closely monitoring the performance of Unity Software Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.26, up 18.75% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $425.02 million, showing a 5.4% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.81 per share and revenue of $1.79 billion, which would represent changes of +51.79% and -1.31%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Unity Software Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 10.33% rise in the Zacks Consensus EPS estimate. As of now, Unity Software Inc. holds a Zacks Rank of #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 52, placing it within the top 22% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unity Software Inc. (U) Registers a Bigger Fall Than the Market: Important Facts to Note
Unity Software Inc. (U - Free Report) closed at $23.07 in the latest trading session, marking a -3.51% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw a decrease of 0.51%.
The stock of company has risen by 9.38% in the past month, leading the Computer and Technology sector's gain of 2.98% and the S&P 500's gain of 0.45%.
The investment community will be closely monitoring the performance of Unity Software Inc. in its forthcoming earnings report. The company is expected to report EPS of -$0.26, up 18.75% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $425.02 million, showing a 5.4% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.81 per share and revenue of $1.79 billion, which would represent changes of +51.79% and -1.31%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Unity Software Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 10.33% rise in the Zacks Consensus EPS estimate. As of now, Unity Software Inc. holds a Zacks Rank of #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 52, placing it within the top 22% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.