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Unity Software Inc. (U) Stock Sinks As Market Gains: What You Should Know
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Unity Software Inc. (U - Free Report) closed at $148.49 in the latest trading session, marking a -1.86% move from the prior day. This move lagged the S&P 500's daily gain of 0.18%.
Heading into today, shares of the company had gained 19.88% over the past month, outpacing the Computer and Technology sector's gain of 5.57% and the S&P 500's gain of 5.68% in that time.
U will be looking to display strength as it nears its next earnings release, which is expected to be November 9, 2021. The company is expected to report EPS of -$0.06, up 33.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $266.14 million, up 32.55% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.23 per share and revenue of $1.06 billion. These totals would mark changes of +41.03% and +37.41%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for U. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. U currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 34% of all 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Unity Software Inc. (U) Stock Sinks As Market Gains: What You Should Know
Unity Software Inc. (U - Free Report) closed at $148.49 in the latest trading session, marking a -1.86% move from the prior day. This move lagged the S&P 500's daily gain of 0.18%.
Heading into today, shares of the company had gained 19.88% over the past month, outpacing the Computer and Technology sector's gain of 5.57% and the S&P 500's gain of 5.68% in that time.
U will be looking to display strength as it nears its next earnings release, which is expected to be November 9, 2021. The company is expected to report EPS of -$0.06, up 33.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $266.14 million, up 32.55% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.23 per share and revenue of $1.06 billion. These totals would mark changes of +41.03% and +37.41%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for U. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. U currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 34% of all 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.