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Unity Software Inc. (U) Gains As Market Dips: What You Should Know

Unity Software Inc. (U) closed at $31.86 in the latest trading session, marking a +0.28% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.51%. Elsewhere, the Dow lost 1.71%, while the tech-heavy Nasdaq lost 0.02%.

Prior to today's trading, shares of the company had lost 23.02% over the past month. This has lagged the Computer and Technology sector's loss of 11.76% and the S&P 500's loss of 9.52% in that time.

Investors will be hoping for strength from Unity Software Inc. as it approaches its next earnings release. 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%. Meanwhile, our latest consensus estimate is calling for revenue of $323.33 million, up 12.92% from the prior-year quarter.

U's full-year Zacks Consensus Estimates are calling for earnings of -$0.41 per share and revenue of $1.32 billion. These results would represent year-over-year changes of -86.36% and +19.31%, respectively.

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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Unity Software Inc. currently has a Zacks Rank of #3 (Hold).

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% 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.

To follow U in the coming trading sessions, be sure to utilize Zacks.com.


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