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Unity Software Inc. (U) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Unity Software Inc. (U - Free Report) closed at $31.37, marking a +1.59% move from the previous day. This change outpaced the S&P 500's 1.14% gain on the day. Meanwhile, the Dow gained 1.12%, and the Nasdaq, a tech-heavy index, added 0.04%.
Wall Street will be looking for positivity from Unity Software Inc. as it approaches its next earnings report date. This is expected to be November 9, 2022. In that report, analysts expect Unity Software Inc. to post earnings of -$0.14 per share. This would mark a year-over-year decline of 133.33%. Our most recent consensus estimate is calling for quarterly revenue of $323.33 million, up 12.92% from the year-ago period.
U's full-year Zacks Consensus Estimates are calling for earnings of -$0.40 per share and revenue of $1.32 billion. These results would represent year-over-year changes of -81.82% and +19.31%, respectively.
Investors might also notice recent changes to analyst estimates for Unity Software Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, 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. Within the past 30 days, our consensus EPS projection has moved 1.32% higher. 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 82, putting it in the top 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Unity Software Inc. (U) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Unity Software Inc. (U - Free Report) closed at $31.37, marking a +1.59% move from the previous day. This change outpaced the S&P 500's 1.14% gain on the day. Meanwhile, the Dow gained 1.12%, and the Nasdaq, a tech-heavy index, added 0.04%.
Wall Street will be looking for positivity from Unity Software Inc. as it approaches its next earnings report date. This is expected to be November 9, 2022. In that report, analysts expect Unity Software Inc. to post earnings of -$0.14 per share. This would mark a year-over-year decline of 133.33%. Our most recent consensus estimate is calling for quarterly revenue of $323.33 million, up 12.92% from the year-ago period.
U's full-year Zacks Consensus Estimates are calling for earnings of -$0.40 per share and revenue of $1.32 billion. These results would represent year-over-year changes of -81.82% and +19.31%, respectively.
Investors might also notice recent changes to analyst estimates for Unity Software Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, 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. Within the past 30 days, our consensus EPS projection has moved 1.32% higher. 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 82, putting it in the top 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.