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.
Here's Why Unity Software Inc. (U) Fell More Than Broader Market
Read MoreHide Full Article
In the latest close session, Unity Software Inc. (U - Free Report) was down 11.22% at $41.40. The stock trailed the S&P 500, which registered a daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 1.88%.
The stock of company has risen by 8.42% in the past month, leading the Computer and Technology sector's gain of 3.49% and the S&P 500's gain of 2.06%.
The investment community will be closely monitoring the performance of Unity Software Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.34, marking a 70% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $564.84 million, reflecting a 20.02% rise from the equivalent quarter last year.
U's full-year Zacks Consensus Estimates are calling for earnings of $1.21 per share and revenue of $2.22 billion. These results would represent year-over-year changes of +40.7% and +19.95%, respectively.
It is also important to note the recent changes to analyst estimates for Unity Software Inc. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Unity Software Inc. is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Unity Software Inc. has a Forward P/E ratio of 38.54 right now. This expresses a premium compared to the average Forward P/E of 20.8 of its industry.
We can also see that U currently has a PEG ratio of 0.93. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.19 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 79, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Image: Bigstock
Here's Why Unity Software Inc. (U) Fell More Than Broader Market
In the latest close session, Unity Software Inc. (U - Free Report) was down 11.22% at $41.40. The stock trailed the S&P 500, which registered a daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 1.88%.
The stock of company has risen by 8.42% in the past month, leading the Computer and Technology sector's gain of 3.49% and the S&P 500's gain of 2.06%.
The investment community will be closely monitoring the performance of Unity Software Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.34, marking a 70% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $564.84 million, reflecting a 20.02% rise from the equivalent quarter last year.
U's full-year Zacks Consensus Estimates are calling for earnings of $1.21 per share and revenue of $2.22 billion. These results would represent year-over-year changes of +40.7% and +19.95%, respectively.
It is also important to note the recent changes to analyst estimates for Unity Software Inc. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Unity Software Inc. is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Unity Software Inc. has a Forward P/E ratio of 38.54 right now. This expresses a premium compared to the average Forward P/E of 20.8 of its industry.
We can also see that U currently has a PEG ratio of 0.93. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.19 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 79, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.