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Unity Software Inc. (U) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Unity Software Inc. (U - Free Report) ended the recent trading session at $42.13, demonstrating a -2.05% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.01%.
Heading into today, shares of the company had lost 7.98% over the past month, lagging the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
The investment community will be paying close attention to the earnings performance of Unity Software Inc. in its upcoming release. On that day, Unity Software Inc. is projected to report earnings of $0.34 per share, which would represent year-over-year growth of 70%. Alongside, our most recent consensus estimate is anticipating revenue of $564.84 million, indicating a 20.02% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.21 per share and a revenue of $2.22 billion, demonstrating changes of +40.7% and +19.95%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Unity Software Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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. At present, Unity Software Inc. boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Unity Software Inc. is holding a Forward P/E ratio of 35.54. This valuation marks a premium compared to its industry average Forward P/E of 20.36.
We can also see that U currently has a PEG ratio of 0.86. 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. U's industry had an average PEG ratio of 1.14 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.
View the Zacks #1 Rank List
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Unity Software Inc. (U) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Unity Software Inc. (U - Free Report) ended the recent trading session at $42.13, demonstrating a -2.05% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.01%.
Heading into today, shares of the company had lost 7.98% over the past month, lagging the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
The investment community will be paying close attention to the earnings performance of Unity Software Inc. in its upcoming release. On that day, Unity Software Inc. is projected to report earnings of $0.34 per share, which would represent year-over-year growth of 70%. Alongside, our most recent consensus estimate is anticipating revenue of $564.84 million, indicating a 20.02% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.21 per share and a revenue of $2.22 billion, demonstrating changes of +40.7% and +19.95%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Unity Software Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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. At present, Unity Software Inc. boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Unity Software Inc. is holding a Forward P/E ratio of 35.54. This valuation marks a premium compared to its industry average Forward P/E of 20.36.
We can also see that U currently has a PEG ratio of 0.86. 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. U's industry had an average PEG ratio of 1.14 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.