Unity Software Inc expected to post a loss of 42 cents a share - Earnings Preview

Unity Software

07/08/2024 02:01

* Unity Software Inc  U.N   U  is expected to show a fall in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The San Francisco California-based  company is expected to
report a 17.6% decrease in revenue to $439.451 million from
$533.48 million a year ago, according to the mean estimate from
19 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Unity Software Inc is
for a
loss of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 15
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Unity
Software
Inc is $25.00​, above​ its last closing price of $14.25. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.60       -0.63      -0.75     Missed  -20
 Jan. 1 2024   -0.49       -0.49      -0.66     Missed  -35.2
 Sep. 30 2023  0.18        0.13       0.35      Beat    170.8​
 Jun. 30 2023  0.09        0.08       0.25      Beat    215.1
 ​​Mar.        -0.04       -0.03      0.09      Beat    457.1
 31 2023                                                
 Dec. 31 2022  0.02        0.02       -0.01     Missed  -163.4
                                                        ​
 Sep. 30 2022  -0.14       -0.15      -0.14     Beat    4
 Jun. 30 2022  -0.20       -0.21      -0.18     Beat    14.4
 This summary was machine generated August 7 at 01:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)