During the last trading session, Unity Software Inc. closed. (U) at $34.72, up -7.19% from the day before. This change lagged the S&P 500’s daily loss of 0.63%. Meanwhile, the Dow Jones fell 0.65%, and the tech-dominated Nasdaq was down 0.47%.
The company’s shares witnessed a loss of 17.91% over the past month, trailing the Computer and Technology sector’s performance of 1.9% and the S&P 500’s gain of 0.92%.
Analysts and investors alike will be watching Unity Software Inc.’s performance. keep a close eye on the announcement of the upcoming earnings figures. The company is expected to report earnings per share of $0.16, up 151.61% from the prior-year quarter. In the meantime, our current consensus estimate predicts revenue will reach $447.17 million, indicating growth of 0.15% compared to the corresponding quarter of the previous year.
For the full-year period, the Zacks Consensus Estimates are projecting earnings of $0.77 per share and revenue of $1.8 billion, representing shifts of +145.83% and -0.71%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Unity Software Inc. These latest adjustments often reflect the changing dynamics of short-term business patterns. As a result, upward estimate revisions reflect analysts’ positivity toward the company’s business and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly correlated with near-term stock prices. We developed the Zacks Rank to take advantage of 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 a remarkable outside-audited track record of outperforming, with #1 stocks delivering an average annual gain of +25% since 1988. Within the last 30 days, our consensus EPS projection has moved 73.08% lower. Unity Software Inc. currently carries a Zacks Rank of #3 (Hold).
From a valuation perspective, Unity Software Inc. currently owned with a price/earnings ratio of 48.71. This indicates a premium compared to the industry’s expected price-to-earnings ratio of 29.25.
The Internet software industry is part of the computer and technology sector. This group has a Zacks Industry Rank of 62, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our individual industry groups by calculating the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of sectors perform better than the bottom half by a factor of 2 to 1.
