Brokerages Expect Unity Software Inc. (NYSE:U) to Announce -$0.08 EPS

Equities analysts forecast that Unity Software Inc. (NYSE:UGet Rating) will post earnings per share of ($0.08) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Unity Software’s earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.10). Unity Software posted earnings of ($0.10) per share in the same quarter last year, which indicates a positive year over year growth rate of 20%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Unity Software will report full-year earnings of ($0.18) per share for the current fiscal year, with EPS estimates ranging from ($0.35) to ($0.11). For the next year, analysts forecast that the business will report earnings of $0.03 per share, with EPS estimates ranging from ($0.09) to $0.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Unity Software.

Unity Software (NYSE:UGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.01). The firm had revenue of $315.86 million for the quarter, compared to the consensus estimate of $291.21 million. Unity Software had a negative net margin of 47.96% and a negative return on equity of 20.13%. During the same period in the previous year, the company earned ($0.28) earnings per share.

U has been the topic of a number of recent research reports. Citigroup initiated coverage on Unity Software in a report on Thursday, April 7th. They issued a “buy” rating and a $125.00 target price on the stock. Stifel Nicolaus cut their price target on Unity Software from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 21st. Oppenheimer cut their price objective on Unity Software from $185.00 to $135.00 in a research report on Friday, February 4th. Credit Suisse Group cut their price objective on Unity Software from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Friday, February 4th. Finally, Daiwa Capital Markets assumed coverage on Unity Software in a research report on Monday, March 28th. They set an “outperform” rating and a $110.00 price objective for the company. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $149.64.

In other Unity Software news, SVP Clive Downie sold 32,934 shares of the stock in a transaction dated Friday, February 4th. The stock was sold at an average price of $106.69, for a total transaction of $3,513,728.46. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Marc Whitten sold 2,080 shares of the stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $108.19, for a total value of $225,035.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,405 shares of company stock worth $13,540,164. 19.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in U. Morgan Stanley boosted its stake in shares of Unity Software by 170.7% during the 2nd quarter. Morgan Stanley now owns 9,302,677 shares of the company’s stock worth $1,021,713,000 after acquiring an additional 5,865,923 shares in the last quarter. Thrive Capital Management LLC purchased a new stake in shares of Unity Software during the 3rd quarter worth about $307,805,000. BlackRock Inc. boosted its stake in shares of Unity Software by 45.9% during the 3rd quarter. BlackRock Inc. now owns 7,474,773 shares of the company’s stock worth $943,690,000 after acquiring an additional 2,352,210 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Unity Software by 801.6% during the 3rd quarter. Janus Henderson Group PLC now owns 2,227,485 shares of the company’s stock worth $281,223,000 after acquiring an additional 1,980,428 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Unity Software during the 4th quarter worth about $224,246,000. 76.10% of the stock is currently owned by institutional investors.

Unity Software stock traded down $3.52 during trading on Friday, reaching $66.41. The company had a trading volume of 3,956,643 shares, compared to its average volume of 2,994,661. Unity Software has a 52 week low of $65.60 and a 52 week high of $210.00. The firm’s 50-day simple moving average is $90.68 and its 200 day simple moving average is $122.28. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of -35.14 and a beta of 2.38. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.71.

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.

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