Unity Software Inc reports results for the quarter ended March 31 - Earnings Summary

• Unity Software Inc U.N reported a quarterly adjusted loss of 19 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -75 cents. The mean expectation of eighteen analysts for the quarter was for a loss of 36 cents per share. Wall Street expected results to range from -41 cents to -31 cents per share.

• Revenue fell 5.5% to $435.00 million from a year ago; analysts expected $415.65 million.

• Unity Software Inc's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $77.64 million.

• Unity Software Inc shares had risen by 8.8% this quarter and lost 5.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 14 "hold" and no "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 $26.00

This summary was machine generated from LSEG data May 7 at 01:32 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)