Unity Software Inc. (U) Surpasses Market Gains: What You Need to Know
You are reading Entrepreneur United States, an international Entrepreneur Media franchise. This story originally appeared on Zack
In the last trading session, Unity Software Inc. (U) closed at $ 130.38, marking a movement of + 1.82% from the previous day. The change exceeded the S&P 500’s 0.41% gain on the day.
Prior to today’s session, the company’s shares had lost 6.03% in the past month. This was smaller than the 7.83% loss of the IT and tech sector and was smaller than the 4.08% loss of the S&P 500 during this period.
Wall Street will be looking for U’s positivity as the date of its next earnings report approaches. That is expected to be November 9, 2021. In this report, analysts expect U to post earnings of – $ 0.06 per share. That would mark year-over-year growth of 33.33%. Meanwhile, our latest consensus estimate projects revenue of $ 266.14 million, up 32.55% from the previous year’s quarter.
For the full year, our Zacks consensus estimates project earnings of $ -0.23 per share and revenue of $ 1.06 billion, which would represent changes of + 41.03% and + 37.41%, respectively, compared to the previous year.
Investors might also notice recent changes in analyst estimates for U. These revisions help show the ever-changing nature of near-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. Investors can take advantage of this by using the Zacks Ranking. This model takes into account these changes in estimate and provides a simple and workable scoring system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive externally audited outperformance history, with # 1 stocks generating an average annual return of + 25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained stagnant. U is currently a Zacks Rank # 3 (Hold).
The Internet – Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 167, which places it in the lowest 35% of all 250+ industries.
The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and more, at Zacks.com.
Zacks’ top picks for leveraging artificial intelligence
This world-changing technology is expected to generate $ 100 billion by 2025. From self-driving cars to analyzing consumer data, people are relying on machines more than ever. Now is the time to capitalize on the 4th industrial revolution. Zacks’ Urgent Special Report Reveals 6 AI Choices Investors Need To Know Today.
Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report