Unity Software Inc. (U) Outpaces Stock Market Gains: What You Should Know

Unity Software Inc. (U) closed the most recent trading day at $37.54, moving +1.96% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.06%. At the same time, the Dow added 1.05%, and the tech-heavy Nasdaq gained 0.55%.

Prior to today's trading, shares of the company had lost 16.6% over the past month. This has lagged the Computer and Technology sector's loss of 8.63% and the S&P 500's loss of 8.3% in that time.

Wall Street will be looking for positivity from Unity Software Inc. as it approaches its next earnings report date. On that day, Unity Software Inc. is projected to report earnings of -$0.06 per share, which would represent a year-over-year decline of 200%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $294.57 million, up 7.68% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.30 per share and revenue of $1.37 billion. These totals would mark changes of -36.36% and +23.15%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Unity Software Inc.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.61% lower within the past month. 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 industry currently has a Zacks Industry Rank of 144, which puts it in the bottom 44% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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