Company Performance - Unity Software Inc. experienced a decline of 3.11% in its stock price, closing at $23.40, which lagged behind the S&P 500's daily gain of 0.8% [1] - Over the past month, the company's stock has dropped by 1.59%, underperforming the Computer and Technology sector's gain of 8.5% and the S&P 500's gain of 5.12% [1] Upcoming Earnings - Analysts expect Unity Software Inc. to report earnings of -$0.26 per share, reflecting a year-over-year growth of 18.75% [2] - The consensus estimate for revenue is projected at $425.02 million, indicating a 5.4% decline compared to the same quarter of the previous year [2] Annual Forecast - For the entire year, Zacks Consensus Estimates forecast earnings of -$0.81 per share and revenue of $1.79 billion, representing changes of +51.79% and -1.31% respectively compared to the previous year [3] Analyst Estimates and Stock Performance - Recent revisions to analyst estimates for Unity Software Inc. are important as they reflect the latest near-term business trends, with positive revisions indicating optimism about the business outlook [3] - Empirical research shows that revisions in estimates correlate with impending stock price performance, suggesting that investors can capitalize on this information [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 ranked stocks yielding an average annual return of +25% since 1988 [5] - Over the past month, the Zacks Consensus EPS estimate for Unity Software Inc. has shifted 10.33% upward, and the company currently holds a Zacks Rank of 2 (Buy) [5] Industry Context - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 48, placing it in the top 20% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
Unity Software Inc. (U) Stock Dips While Market Gains: Key Facts