Brokerages predict that Unity Software Inc. (NYSE:U – Get Rating) will announce sales of $294.83 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Unity Software’s earnings, with the lowest sales estimate coming in at $292.30 million and the highest estimate coming in at $300.10 million. Unity Software reported sales of $273.56 million during the same quarter last year, which indicates a positive year over year growth rate of 7.8%. The firm is expected to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Unity Software will report full year sales of $1.38 billion for the current financial year, with estimates ranging from $1.30 billion to $1.43 billion. For the next year, analysts forecast that the firm will post sales of $1.78 billion, with estimates ranging from $1.58 billion to $1.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Unity Software.
Unity Software (NYSE:U – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). The business had revenue of $320.13 million during the quarter, compared to the consensus estimate of $321.17 million. Unity Software had a negative net margin of 50.40% and a negative return on equity of 20.50%. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.38) earnings per share.
In other news, SVP Marc Whitten sold 10,775 shares of the business’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $105.23, for a total transaction of $1,133,853.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Helgason sold 83,333 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $101.31, for a total transaction of $8,442,466.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,824 shares of company stock valued at $10,026,399. Insiders own 19.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Toroso Investments LLC grew its stake in shares of Unity Software by 162.3% in the 1st quarter. Toroso Investments LLC now owns 13,257 shares of the company’s stock valued at $1,315,000 after buying an additional 8,203 shares during the period. Capital World Investors lifted its holdings in shares of Unity Software by 40.3% in the 1st quarter. Capital World Investors now owns 1,666,605 shares of the company’s stock worth $165,344,000 after acquiring an additional 478,605 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Unity Software by 10.6% in the 1st quarter. Gabelli Funds LLC now owns 5,530 shares of the company’s stock worth $549,000 after acquiring an additional 530 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in shares of Unity Software by 329.9% in the 1st quarter. Nomura Holdings Inc. now owns 19,095 shares of the company’s stock worth $1,889,000 after acquiring an additional 27,399 shares during the last quarter. Finally, united american securities inc. d b a uas asset management acquired a new position in shares of Unity Software in the 1st quarter worth approximately $397,000. 75.48% of the stock is owned by institutional investors.
Shares of NYSE U opened at $41.32 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.53 and a quick ratio of 3.53. The company has a market cap of $12.23 billion, a P/E ratio of -19.68 and a beta of 2.64. Unity Software has a 1 year low of $29.09 and a 1 year high of $210.00. The firm has a 50-day simple moving average of $77.54 and a two-hundred day simple moving average of $111.65.
Unity Software Company Profile (Get Rating)
Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.
- Get a free copy of the StockNews.com research report on Unity Software (U)
- MarketBeat: Week in Review 5/16 – 5/20
- 3 Retailers That Defied First Quarter Headwinds
- Rapid7: Could Be Profitable in FY 2022 Despite Bear Market
- Will John Deere’s Earnings Help to Calm the Markets?
- Lowe’s Companies Has Not Bottomed
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.