Unity Software(US:U) ZACKSยท2024-09-27 22:56Company Performance - Unity Software Inc. closed at $22.59, reflecting a +1.12% increase from the previous day, outperforming the S&P 500's loss of 0.13% [1] - The stock has increased by 34.01% over the past month, surpassing the Computer and Technology sector's gain of 2.7% and the S&P 500's gain of 2.43% [1] Financial Forecast - The upcoming earnings report is expected to show an EPS of -$0.39, representing a 316.67% decline from the same quarter last year [2] - Revenue is forecasted to be $427.99 million, indicating a 21.36% decrease compared to the year-ago quarter [2] Annual Estimates - For the entire year, the Zacks Consensus Estimates predict an EPS of -$1.86 and revenue of $1.76 billion, reflecting changes of -553.66% and -19.5% respectively from the previous year [3] - Analysts' estimate revisions are crucial as they indicate the evolving nature of business trends, with positive revisions suggesting a favorable outlook [3][4] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have generated an average annual return of +25% since 1988 [5] - Unity Software Inc. currently holds a Zacks Rank of 3 (Hold) [5] - The Internet - Software industry is ranked 85 in the Zacks Industry Rank, placing it in the top 34% of over 250 industries, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [6]