Unity Software Inc. (U) closed at $ 147.71 last trading day, marking a + 1.17% move from the previous day. The stock topped the S&P 500’s 0.74% daily gain.
Prior to today, the company’s shares had gained 14.46% over the past month, surpassing the 0.81% loss of the IT and tech sector and the 1.34% gain of the S&P 500 during that month. period.
U will look to show strength as its next earnings release nears, which is expected on November 9, 2021. The company is expected to post EPS of – $ 0.06, up 33.33% from the previous year. quarter of the previous year. 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.
Any recent changes in analysts’ estimates for U should also be noted by investors. These revisions help show the ever-changing nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research shows that these changes in estimate are directly correlated with short-term stock prices. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable, externally audited track record of success with # 1 stocks generating an average annual return of + 25% since 1988. Over the past 30 days, our consensus EPS projection has remained stagnant. U currently has a Zacks rank of # 3 (Hold).
The Internet – Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 171, which places it in the lowest 33% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.
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