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Unity Software Inc. (U) Stock Declines While Market Improves: Some Information for Investors
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Unity Software Inc. (U - Free Report) closed the most recent trading day at $37.89, moving -3.09% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.01%. On the other hand, the Dow registered a gain of 0.51%, and the technology-centric Nasdaq decreased by 0.28%.
Shares of the company witnessed a loss of 2.69% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 10.49%, and the S&P 500's gain of 4.83%.
The upcoming earnings release of Unity Software Inc. will be of great interest to investors. The company is predicted to post an EPS of $0.17, indicating a 154.84% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $447.48 million, showing a 0.21% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.78 per share and a revenue of $1.81 billion, signifying shifts of +146.43% and -0.37%, respectively, from the last year.
Any recent changes to analyst estimates for Unity Software Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Unity Software Inc. presently features a Zacks Rank of #2 (Buy).
Looking at valuation, Unity Software Inc. is presently trading at a Forward P/E ratio of 50.34. This signifies a premium in comparison to the average Forward P/E of 29.87 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 62, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Unity Software Inc. (U) Stock Declines While Market Improves: Some Information for Investors
Unity Software Inc. (U - Free Report) closed the most recent trading day at $37.89, moving -3.09% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.01%. On the other hand, the Dow registered a gain of 0.51%, and the technology-centric Nasdaq decreased by 0.28%.
Shares of the company witnessed a loss of 2.69% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 10.49%, and the S&P 500's gain of 4.83%.
The upcoming earnings release of Unity Software Inc. will be of great interest to investors. The company is predicted to post an EPS of $0.17, indicating a 154.84% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $447.48 million, showing a 0.21% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.78 per share and a revenue of $1.81 billion, signifying shifts of +146.43% and -0.37%, respectively, from the last year.
Any recent changes to analyst estimates for Unity Software Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Unity Software Inc. presently features a Zacks Rank of #2 (Buy).
Looking at valuation, Unity Software Inc. is presently trading at a Forward P/E ratio of 50.34. This signifies a premium in comparison to the average Forward P/E of 29.87 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 62, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.