Game engine maker Unity Software (NYSE:U) is set to report its third quarter earnings on Thursday, November 7th, after the bell. Analysts expect the company to report a 21% decline in revenue, to $428.2M, with an EPS of $0.14.

Analysts expect the business to stay its course, with increasing positive sentiment among investors in the software segment. Unity (U) also recently named Steve Collins as its Chief Technology Officer after getting an Equal Weight rating and a $20 price target from Wells Fargo on promising execution from new management.

Wedbush raised its price target for Unity (U), in September, after the company ended its controversial runtime fee. The Runtime Fee, which would have seen developers pay a per install fee of $0.01 to $0.15 depending upon the size of the game, was announced last year, which immediately sparked controversy.

Unity Create president Marc Whitten eventually apologized for the controversy, which ultimately led to the departure of former CEO John Riccitiello.

Stone Fox Capital, Investing Group Leader for Out Fox The Street, pointed out that since Unity (U) has guided down 2024 expectations, and further shook up the executive team since ending Q2, the results are difficult to predict.

“Unity Software is in the midst of a scary turnaround. The quarterly results and guidance aren't likely to improve until the calendar turns into 2025 and the company shows some stability in management and product pricing,” Stone Fox Capital added.

Over the last three months, analysts have revised estimates for EPS and revenue, with 9 downward revisions for EPS, and 17 downward revisions for revenue.

Unity, last quarter, reported weak results. It lost an adjusted $0.32 per share during the second quarter, as revenue fell 16% year-over-year to $449.3M. It also cut its outlook for full-year sales, expecting sales to be between $1.68B and $1.69B, down from a prior outlook of $1.76B to $1.8B.