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Unity Software Inc. (U) Gains As Market Dips: What You Should Know
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Unity Software Inc. (U - Free Report) closed the most recent trading day at $45.34, moving +0.62% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.06%.
Prior to today's trading, shares of the company had gained 9.13% over the past month. This has lagged the Computer and Technology sector's gain of 12.38% and outpaced the S&P 500's gain of 8.78% in that time.
Investors will be hoping for strength from Unity Software Inc. as it approaches its next earnings release, which is expected to be August 9, 2022. The company is expected to report EPS of -$0.20, down 900% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $296.21 million, up 8.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.32 per share and revenue of $1.34 billion, which would represent changes of -45.45% and +20.8%, respectively, from the prior year.
Any recent changes to analyst estimates for Unity Software Inc. should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.2% lower. Unity Software Inc. is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 37% 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) Gains As Market Dips: What You Should Know
Unity Software Inc. (U - Free Report) closed the most recent trading day at $45.34, moving +0.62% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.06%.
Prior to today's trading, shares of the company had gained 9.13% over the past month. This has lagged the Computer and Technology sector's gain of 12.38% and outpaced the S&P 500's gain of 8.78% in that time.
Investors will be hoping for strength from Unity Software Inc. as it approaches its next earnings release, which is expected to be August 9, 2022. The company is expected to report EPS of -$0.20, down 900% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $296.21 million, up 8.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.32 per share and revenue of $1.34 billion, which would represent changes of -45.45% and +20.8%, respectively, from the prior year.
Any recent changes to analyst estimates for Unity Software Inc. should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.2% lower. Unity Software Inc. is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 37% 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.