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Unity Software Inc. (U) Registers a Bigger Fall Than the Market: Important Facts to Note
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Unity Software Inc. (U - Free Report) closed at $42.07 in the latest trading session, marking a -1.1% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.59%. Meanwhile, the Dow lost 0.6%, and the Nasdaq, a tech-heavy index, lost 0.65%.
Shares of the company have depreciated by 4.47% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.02%, and the S&P 500's loss of 1.37%.
The investment community will be paying close attention to the earnings performance of Unity Software Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.34, reflecting a 70% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $564.84 million, up 20.02% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.21 per share and a revenue of $2.22 billion, representing changes of +40.7% and +19.95%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Unity Software Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Unity Software Inc. is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Unity Software Inc. currently has a Forward P/E ratio of 35.16. This denotes a premium relative to the industry average Forward P/E of 19.88.
We can also see that U currently has a PEG ratio of 0.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry currently had an average PEG ratio of 1.07 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% of all 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.
To follow U in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Unity Software Inc. (U) Registers a Bigger Fall Than the Market: Important Facts to Note
Unity Software Inc. (U - Free Report) closed at $42.07 in the latest trading session, marking a -1.1% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.59%. Meanwhile, the Dow lost 0.6%, and the Nasdaq, a tech-heavy index, lost 0.65%.
Shares of the company have depreciated by 4.47% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.02%, and the S&P 500's loss of 1.37%.
The investment community will be paying close attention to the earnings performance of Unity Software Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.34, reflecting a 70% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $564.84 million, up 20.02% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.21 per share and a revenue of $2.22 billion, representing changes of +40.7% and +19.95%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Unity Software Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Unity Software Inc. is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Unity Software Inc. currently has a Forward P/E ratio of 35.16. This denotes a premium relative to the industry average Forward P/E of 19.88.
We can also see that U currently has a PEG ratio of 0.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry currently had an average PEG ratio of 1.07 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% of all 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.
To follow U in the coming trading sessions, be sure to utilize Zacks.com.