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) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Unity Software Inc. (U - Free Report) closed at $44.17, marking a -2.13% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.76%.
Coming into today, shares of the company had gained 1.6% in the past month. In that same time, the Computer and Technology sector gained 0.14%, while the S&P 500 gained 0.79%.
Market participants will be closely following the financial results of Unity Software Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.2, marking a 166.67% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $490.23 million, up 7.25% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.82 per share and revenue of $1.84 billion, which would represent changes of +148.81% and +1.31%, respectively, from the prior 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 a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Unity Software Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Unity Software Inc.'s current valuation metrics, including its Forward P/E ratio of 55.26. This expresses a premium compared to the average Forward P/E of 28.86 of its industry.
We can additionally observe that U currently boasts a PEG ratio of 6.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software was holding an average PEG ratio of 1.78 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 51, this industry ranks in the top 21% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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) Dips More Than Broader Market: What You Should Know
In the latest trading session, Unity Software Inc. (U - Free Report) closed at $44.17, marking a -2.13% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.76%.
Coming into today, shares of the company had gained 1.6% in the past month. In that same time, the Computer and Technology sector gained 0.14%, while the S&P 500 gained 0.79%.
Market participants will be closely following the financial results of Unity Software Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.2, marking a 166.67% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $490.23 million, up 7.25% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.82 per share and revenue of $1.84 billion, which would represent changes of +148.81% and +1.31%, respectively, from the prior 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 a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Unity Software Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Unity Software Inc.'s current valuation metrics, including its Forward P/E ratio of 55.26. This expresses a premium compared to the average Forward P/E of 28.86 of its industry.
We can additionally observe that U currently boasts a PEG ratio of 6.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software was holding an average PEG ratio of 1.78 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 51, this industry ranks in the top 21% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.