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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 $37.57, moving +0.94% from the previous trading session. This move lagged the S&P 500's daily gain of 1.21%. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq added 0.14%.
Heading into today, shares of the company had lost 5.82% over the past month, lagging the Computer and Technology sector's gain of 2.22% and the S&P 500's gain of 3.2% in that time.
Unity Software Inc. will be looking to display strength as it nears its next earnings release, which is expected to be August 9, 2022. On that day, Unity Software Inc. is projected to report earnings of -$0.20 per share, which would represent a year-over-year decline of 900%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $296.21 million, up 8.28% from the year-ago period.
U's full-year Zacks Consensus Estimates are calling for earnings of -$0.32 per share and revenue of $1.34 billion. These results would represent year-over-year changes of -45.45% and +20.8%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
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. Within the past 30 days, our consensus EPS projection has moved 2.06% lower. Unity Software Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
You can find more information on all of these metrics, and much more, on 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 $37.57, moving +0.94% from the previous trading session. This move lagged the S&P 500's daily gain of 1.21%. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq added 0.14%.
Heading into today, shares of the company had lost 5.82% over the past month, lagging the Computer and Technology sector's gain of 2.22% and the S&P 500's gain of 3.2% in that time.
Unity Software Inc. will be looking to display strength as it nears its next earnings release, which is expected to be August 9, 2022. On that day, Unity Software Inc. is projected to report earnings of -$0.20 per share, which would represent a year-over-year decline of 900%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $296.21 million, up 8.28% from the year-ago period.
U's full-year Zacks Consensus Estimates are calling for earnings of -$0.32 per share and revenue of $1.34 billion. These results would represent year-over-year changes of -45.45% and +20.8%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
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. Within the past 30 days, our consensus EPS projection has moved 2.06% lower. Unity Software Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
You can find more information on all of these metrics, and much more, on Zacks.com.