Unity Software (U) to Release Earnings on Thursday

Unity Software (NYSE:U) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Unity Software (NYSE:U) last announced its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business had revenue of $609.27 million during the quarter, compared to the consensus estimate of $551.01 million. During the same period in the previous year, the firm posted ($0.50) EPS. The company’s revenue was up 35.1% compared to the same quarter last year. On average, analysts expect Unity Software to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Unity Software Price Performance

NYSE:U opened at $25.33 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of -11.73 and a beta of 2.40. Unity Software has a 52 week low of $22.20 and a 52 week high of $50.08. The firm’s 50-day simple moving average is $25.93 and its 200 day simple moving average is $30.27.

Wall Street Analyst Weigh In

U has been the subject of several analyst reports. Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and dropped their target price for the company from $35.00 to $30.00 in a research report on Tuesday, February 27th. William Blair restated an “outperform” rating on shares of Unity Software in a research note on Tuesday, January 9th. Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research note on Monday, February 12th. Wedbush reissued an “outperform” rating and set a $33.50 price target on shares of Unity Software in a report on Thursday, May 2nd. Finally, Citigroup reduced their price objective on Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Unity Software currently has an average rating of “Hold” and an average target price of $37.03.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $26.59, for a total value of $6,647,500.00. Following the transaction, the director now owns 4,498,146 shares in the company, valued at $119,605,702.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Unity Software news, CEO James M. Whitehurst sold 44,091 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.56, for a total transaction of $1,435,602.96. Following the completion of the sale, the chief executive officer now directly owns 155,909 shares of the company’s stock, valued at approximately $5,076,397.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the transaction, the director now owns 4,498,146 shares in the company, valued at approximately $119,605,702.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,917 shares of company stock valued at $9,460,820. Corporate insiders own 6.30% of the company’s stock.

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.