Unity Software (U) Projected to Post Earnings on Thursday

Unity Software (NYSE:U - Get Free Report) is anticipated to release its Q4 2024 earnings data before the market opens on Thursday, February 20th. Analysts expect Unity Software to post earnings of ($0.35) per share and revenue of $433.47 million for the quarter. Unity Software has set its Q1 2022 guidance at EPS and its Q1 2025 guidance at EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The company had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. On average, analysts expect Unity Software to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Unity Software Trading Up 1.1 %

NYSE:U traded up $0.31 during midday trading on Friday, hitting $28.31. 39,793,431 shares of the company traded hands, compared to its average volume of 11,738,400. The firm's fifty day moving average is $22.53 and its 200-day moving average is $21.08. Unity Software has a 12-month low of $13.90 and a 12-month high of $33.43. The firm has a market capitalization of $11.41 billion, a P/E ratio of -13.88 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

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Insider Transactions at Unity Software

In other news, CFO Mark Barrysmith sold 8,112 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56. Following the transaction, the chief financial officer now owns 454,866 shares of the company's stock, valued at approximately $11,089,633.08. This represents a 1.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tomer Bar-Zeev sold 83,333 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $25.44, for a total value of $2,119,991.52. Following the transaction, the director now directly owns 3,398,146 shares in the company, valued at $86,448,834.24. The trade was a 2.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 762,597 shares of company stock valued at $18,732,374. 6.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

U has been the topic of several recent research reports. Macquarie increased their price target on Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a report on Friday, November 8th. Jefferies Financial Group increased their price target on Unity Software from $23.00 to $28.00 and gave the company a "hold" rating in a report on Friday. Barclays increased their price target on Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday. UBS Group increased their price target on Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their price objective on Unity Software from $20.00 to $27.00 and gave the company an "equal weight" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.96.

Unity Software Company Profile

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.