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Unity Software Inc. (U) Gains But Lags Market: What You Should Know
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Unity Software Inc. (U - Free Report) closed the most recent trading day at $69.93, moving +1.86% from the previous trading session. This move lagged the S&P 500's daily gain of 2.48%. At the same time, the Dow added 1.85%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the company had lost 32.17% over the past month, lagging the Computer and Technology sector's loss of 13.99% and the S&P 500's loss of 7.81% in that time.
Unity Software Inc. will be looking to display strength as it nears its next earnings release, which is expected to be May 10, 2022. In that report, analysts expect Unity Software Inc. to post earnings of -$0.08 per share. This would mark year-over-year growth of 20%. Our most recent consensus estimate is calling for quarterly revenue of $320.59 million, up 36.56% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $1.5 billion. These totals would mark changes of +18.18% and +34.65%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Unity Software Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Unity Software Inc. 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 173, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow U in the coming trading sessions, be sure to utilize Zacks.com.
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Unity Software Inc. (U) Gains But Lags Market: What You Should Know
Unity Software Inc. (U - Free Report) closed the most recent trading day at $69.93, moving +1.86% from the previous trading session. This move lagged the S&P 500's daily gain of 2.48%. At the same time, the Dow added 1.85%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the company had lost 32.17% over the past month, lagging the Computer and Technology sector's loss of 13.99% and the S&P 500's loss of 7.81% in that time.
Unity Software Inc. will be looking to display strength as it nears its next earnings release, which is expected to be May 10, 2022. In that report, analysts expect Unity Software Inc. to post earnings of -$0.08 per share. This would mark year-over-year growth of 20%. Our most recent consensus estimate is calling for quarterly revenue of $320.59 million, up 36.56% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $1.5 billion. These totals would mark changes of +18.18% and +34.65%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Unity Software Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Unity Software Inc. 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 173, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow U in the coming trading sessions, be sure to utilize Zacks.com.