We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Unity Software Inc. (U) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
In the latest trading session, Unity Software Inc. (U - Free Report) closed at $30.77, marking a -1.09% move from the previous day. This change lagged the S&P 500's daily loss of 0.33%. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Coming into today, shares of the company had lost 15.14% in the past month. In that same time, the Computer and Technology sector lost 14.71%, while the S&P 500 lost 11.67%.
Unity Software Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Unity Software Inc. to post earnings of -$0.13 per share. This would mark a year-over-year decline of 116.67%. Our most recent consensus estimate is calling for quarterly revenue of $323.33 million, up 12.92% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.41 per share and revenue of $1.32 billion, which would represent changes of -86.36% and +19.31%, respectively, from the prior year.
Investors should also note any 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. 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 group has a Zacks Industry Rank of 85, putting it in the top 34% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unity Software Inc. (U) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Unity Software Inc. (U - Free Report) closed at $30.77, marking a -1.09% move from the previous day. This change lagged the S&P 500's daily loss of 0.33%. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Coming into today, shares of the company had lost 15.14% in the past month. In that same time, the Computer and Technology sector lost 14.71%, while the S&P 500 lost 11.67%.
Unity Software Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Unity Software Inc. to post earnings of -$0.13 per share. This would mark a year-over-year decline of 116.67%. Our most recent consensus estimate is calling for quarterly revenue of $323.33 million, up 12.92% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.41 per share and revenue of $1.32 billion, which would represent changes of -86.36% and +19.31%, respectively, from the prior year.
Investors should also note any 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. 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 group has a Zacks Industry Rank of 85, putting it in the top 34% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.