Unity Software Inc reports results for the quarter ended in January - Earnings Summary

Unity Software

09/08/2024 20:04

* Unity Software Inc  U.N  reported a quarterly adjusted
loss
of 32 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 25 cents.  The mean expectation of eighteen analysts for the
quarter was for a loss of 42 cents per share. Wall Street
expected results to range from -62 cents to -19 cents per share.
    * Revenue fell 15.8% to $449.26 million from a year ago;
analysts
expected $439.45 million. 
    * Unity Software Inc's reported EPS for the quarter was a
loss
of 32 cents​.
    * The company reported a quarterly loss of $125.57 million.
    * Unity Software Inc shares had fallen by 11.7% this
quarter and
lost 64.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Unity Software
Inc is $21.00 
This summary was machine generated from LSEG data August 9 at
07:03 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.42          -0.32          Beat
 Mar. 31 2024      -0.63          -0.75          Missed
 Dec. 31 2023      -0.49          -0.66          Missed
 Sep. 30 2023      0.13           0.35           Beat