Unity (U) To Report Earnings Tomorrow: Here Is What To Expect By Stock Story
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Unity (U) To Report Earnings Tomorrow: Here Is What To Expect
Game engine maker Unity (NYSE:U)
will be reporting results tomorrow after the bell. Here’s what you need to know.
Last quarter Unity reported revenues of $544.2 million, up 68.5% year on year, missing analyst expectations by 0.9%. It was a weak quarter for the company, with a miss of analysts’ revenue estimates. The major negative, however, was that the company stopped providing financial guidance.
Is Unity buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Unity’s revenue to grow 22.7% year on year to $553.5 million, slowing down from the 42.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St’s revenue estimates four times over the last two years.
Looking at Unity’s peers in the design software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Procore Technologies (NYSE:) delivered top-line growth of 28.7% year on year, beating analyst estimates by 4.7% and Cadence reported revenues up 18.8% year on year, exceeding estimates by 0.7%. Procore Technologies traded up 6.4% on the results, Cadence was down 5.2%.
Read the full analysis of Procore Technologies’s and Cadence’s results on StockStory.
Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, and while some of the design software stocks have fared somewhat better, they have not been spared, with share price declining 2.9% over the last month. Unity is down 9.8% during the same time, and is heading into the earnings with analyst price target of $34.9, compared to share price of $31.2.
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Unity (U) To Report Earnings Tomorrow: Here Is What To Expect
Game engine maker Unity (NYSE:U)
will be reporting results tomorrow after the bell. Here’s what you need to know.
Last quarter Unity reported revenues of $544.2 million, up 68.5% year on year, missing analyst expectations by 0.9%. It was a weak quarter for the company, with a miss of analysts’ revenue estimates. The major negative, however, was that the company stopped providing financial guidance.
Is Unity buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Unity’s revenue to grow 22.7% year on year to $553.5 million, slowing down from the 42.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St’s revenue estimates four times over the last two years.
Looking at Unity’s peers in the design software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Procore Technologies (NYSE:) delivered top-line growth of 28.7% year on year, beating analyst estimates by 4.7% and Cadence reported revenues up 18.8% year on year, exceeding estimates by 0.7%. Procore Technologies traded up 6.4% on the results, Cadence was down 5.2%.
Read the full analysis of Procore Technologies’s and Cadence’s results on StockStory.
Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, and while some of the design software stocks have fared somewhat better, they have not been spared, with share price declining 2.9% over the last month. Unity is down 9.8% during the same time, and is heading into the earnings with analyst price target of $34.9, compared to share price of $31.2.
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