Unity Software (NYE:U) is set to report its Q1 2023 earnings after the market closes on May 10th. Analysts expect a loss of ($0.05) per share for the quarter. In its previous earnings report, Unity Software missed the consensus estimate by reporting a loss of ($0.50) per share but exceeded revenue expectations. The company has a market capitalization of $7.61 billion, with a debt-to-equity ratio of 0.77 and a current ratio of 2.34. Several analysts have given Unity Software a “buy” rating, with a consensus target price of $39.79. The stock opened at $25.31 on May 3rd, down 5.6%.
Future Growth Prospects
Analysts remain positive on Unity Software’s long-term prospects, despite the recent dip in stock price. The company has been expanding its offerings beyond game development and into industries like architecture, engineering, and construction. Additionally, Unity has been investing in artificial intelligence and virtual reality technology, which could open up new revenue streams in the future. However, the current semiconductor shortage could impact the company’s ability to meet demand for its software. Investors will be looking closely at Unity Software’s upcoming earnings report for any updates on the company’s growth trajectory and plans for navigating the current market challenges.
Unity Stock Analysis & Forecast
Unity Software Inc’s average analyst target price for the next 12 months is USD 38.62, according to a forecast based on 21 analysts. The average analyst rating for Unity Software is Strong Buy, indicating confidence in the company’s future growth potential. However, Stock Target Advisor’s stock analysis of Unity Software Inc is Very Bearish, with 0 positive signals and 3 negative signals. The last closing price for Unity Software Inc’s stock was USD 25.31, reflecting a week-over-week decline of 6.19%, a month-over-month drop of 21.98%, and a year-over-year decrease of 63.13%.