Unity Software Inc. (U) ended the recent trading session at $22.18, demonstrating a +1.88% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.88%. On the other hand, the Dow registered a gain of 1.24%, and the technology-centric Nasdaq increased by 0.65%.

Heading into today, shares of the company had lost 2.64% over the past month, lagging the Computer and Technology sector's gain of 0.37% and the S&P 500's gain of 1.17% in that time.

The investment community will be closely monitoring the performance of Unity Software Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be -$0.35, reflecting a 252.17% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $431.77 million, down 29.13% from the year-ago period.

Investors should also pay attention to any latest changes in analyst estimates for Unity Software Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.79% rise in the Zacks Consensus EPS estimate. Unity Software Inc. presently features a Zacks Rank of #3 (Hold).

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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