Just-released report reveals 5 stocks to profit as millions of EV batteries are made. AME’s long-term earnings growth rate is projected at 8.95%.įree Report: Top EV Battery Stocks to Buy Now Shares of AMETEK have rallied 20.2% in the past year. DOCN’s long-term earnings growth rate is projected at 41.06%. Shares of DigitalOcean have fallen 3.2% in the past year. A’s long-term earnings growth rate is projected at 12%. Shares of Agilent Technologies have risen 10.3% in the past year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME, each carrying a Zacks Rank #2 (Buy) at present. Unity Software currently carries a Zacks Rank #3 (Hold). Non-GAAP operating profit is expected between $250 million and $300 million. The company estimates revenue growth in the range of 50-58% year over year. Non-GAAP operating profit is estimated between $50 million and $60 million.įor 2023, U expects revenues between $2.08 billion and $2.2 billion. The company estimates revenue growth in the range of 72-75% year over year. Unity Software projects second-quarter 2023 revenues between $510 million and $520 million. Balance Sheet and Cash FlowsĪs of Mar 31, 2023, cash & cash equivalents and restricted cash were $1.61 billion.Ĭash flow from operations was negative $5.1 million in the reported quarter against net cash used in operating activities of $101.3 million in the year-ago quarter. Unity Software reported non-GAAP operating profit of $32.5 million compared with the year-ago quarter’s loss of $22.8 million. Research and development expenses surged 20.7% year over year to $172.9 million. General and administrative expenses rose 11.7% year over year to $58.4 million. ![]() Selling and marketing expenses flared up 82.9% year over year to $130.2 million. However, gross margin expanded 300 basis points on a year-over-year basis to 79%. Gross profit on a non-GAAP basis grew 61.5% year over year to $394 million in the reported quarter. Strategic Partnerships and Other revenues (3.4% of total revenues) decreased 9% year over year to $17 million. Revenues from Grow Solutions (62.6% of total revenues) surged 101% year over year to $313 million.Ĭreate Solutions revenues (34% of total revenues) increased 17% year over year to $170 million.
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