Published on 21 Mar 2024 on Zacks via Yahoo Finance

Unity Software Inc. (U) Outperforms Broader Market: What You Need to Know

The most recent trading session ended with Unity Software Inc. (U) standing at $27.57, reflecting a +1.55% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.32% gain on the day. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.2%.

The company's stock has dropped by 11.94% in the past month, falling short of the Computer and Technology sector's gain of 6.04% and the S&P 500's gain of 5.11%.

The investment community will be paying close attention to the earnings performance of Unity Software Inc. in its upcoming release. In that report, analysts expect Unity Software Inc. to post earnings of $0.05 per share. This would mark a year-over-year decline of 16.67%. In the meantime, our current consensus estimate forecasts the revenue to be $422.53 million, indicating a 15.55% decline compared to the corresponding quarter of the prior year.