Unity Software (U) Projected to Post Quarterly Earnings on Wednesday

Unity Software (NYSE:U - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.35) per share and revenue of $415.77 million for the quarter. Unity Software has set its Q1 2022 guidance at EPS and its Q1 2025 guidance at EPS.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, analysts expect Unity Software to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Unity Software Trading Up 1.2 %

Shares of NYSE:U traded up $0.26 during trading on Monday, reaching $21.70. The stock had a trading volume of 3,942,469 shares, compared to its average volume of 10,921,317. The business has a fifty day moving average price of $21.08 and a 200-day moving average price of $22.02. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $9.02 billion, a P/E ratio of -12.92 and a beta of 2.29. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $30.88.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. JMP Securities restated a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a report on Tuesday, March 11th. UBS Group lowered their price target on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Wells Fargo & Company cut their target price on Unity Software from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Unity Software has an average rating of "Moderate Buy" and a consensus price target of $24.29.

Insider Buying and Selling at Unity Software

In other news, Director David Helgason sold 38,924 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the transaction, the director now owns 7,828,494 shares of the company's stock, valued at $210,743,058.48. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 166,667 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $21.59, for a total transaction of $3,598,340.53. Following the completion of the transaction, the director now directly owns 2,814,812 shares in the company, valued at $60,771,791.08. This trade represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 782,231 shares of company stock worth $18,033,528 over the last ninety days. 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.