You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
UNITY SOFTWARE STOCK BUY OR SELL SOFTWARE
The promising estimate revisions have helped Unity Software Inc. This has pushed the consensus estimate 24.07% higher. Meta Platforms Meta Platforms (NASDAQ: META) has made a considerable commitment to the metaverse, rebranding its business from Facebook two years ago. Over the past month, seven estimates have moved up for Unity Software Inc. There has been an encouraging trend in estimate revisions for the current year as well. CNBCs Silvia Amaro reports live from Moldova, where almost 50 heads of state from all across Europe are discussing security cooperation, as Russias war in Ukraine drags on.
UNITY SOFTWARE STOCK BUY OR SELL FULL
The company is expected to earn $0.37 per share for the full year, which represents a change of +190.24% from the prior-year number. ( Seeking Alpha) The stock has since come down and is trading around 103 per share - still 50 higher than its opening day price and 98 higher than its IPO price. As a result, the Zacks Consensus Estimate has increased 22.47%. Over the last 30 days, five estimates have moved higher for Unity Software Inc. The company is expected to earn $0.06 per share for the current quarter, which represents a year-over-year change of +133.33%. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: Strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.įor Unity Software Inc. Our stock rating tool - the Zacks Rank - has this insight at its core. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Īnalysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. (U), as earnings estimates for this company have been showing solid improvement lately. because of its solid estimate revisions, as evident from the stocks 7.9 gain over the past four weeks. Investors might want to bet on Unity Software Inc. Bottom Line Investors have been betting on Unity Software Inc.
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