Published on 5 Apr 2024 on Zacks via Yahoo Finance
Here's Why Unity Software Inc. (U) Gained But Lagged the Market Today
Unity Software Inc. (U) ended the recent trading session at $25.36, demonstrating a +0.16% swing from the preceding day's closing price. The stock lagged the S&P 500's daily gain of 1.11%. On the other hand, the Dow registered a gain of 0.8%, and the technology-centric Nasdaq increased by 1.24%.
Shares of the company have depreciated by 7.39% over the course of the past month, underperforming the Computer and Technology sector's gain of 0.85% and the S&P 500's gain of 0.48%.
The upcoming earnings release of Unity Software Inc. will be of great interest to investors. The company is predicted to post an EPS of $0.05, indicating a 16.67% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $422.53 million, indicating a 15.55% decrease compared to the same quarter of the previous year.