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Palantir Technologies Inc. (PLTR) Outpaces Stock Market Gains: What You Should Know
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Palantir Technologies Inc. (PLTR - Free Report) closed the most recent trading day at $23.58, moving +1.59% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.41%.
Prior to today's trading, shares of the company had lost 13.07% over the past month. This has lagged the Business Services sector's loss of 8.26% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from PLTR as it approaches its next earnings release. On that day, PLTR is projected to report earnings of $0.04 per share, which would represent a year-over-year decline of 55.56%. Our most recent consensus estimate is calling for quarterly revenue of $385 million, up 33.05% from the year-ago period.
PLTR's full-year Zacks Consensus Estimates are calling for earnings of $0.16 per share and revenue of $1.5 billion. These results would represent year-over-year changes of -15.79% and +37.48%, respectively.
Investors might also notice recent changes to analyst estimates for PLTR. 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 shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PLTR is currently a Zacks Rank #3 (Hold).
Investors should also note PLTR's current valuation metrics, including its Forward P/E ratio of 149.74. This represents a premium compared to its industry's average Forward P/E of 29.22.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the 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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Palantir Technologies Inc. (PLTR) Outpaces Stock Market Gains: What You Should Know
Palantir Technologies Inc. (PLTR - Free Report) closed the most recent trading day at $23.58, moving +1.59% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.41%.
Prior to today's trading, shares of the company had lost 13.07% over the past month. This has lagged the Business Services sector's loss of 8.26% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from PLTR as it approaches its next earnings release. On that day, PLTR is projected to report earnings of $0.04 per share, which would represent a year-over-year decline of 55.56%. Our most recent consensus estimate is calling for quarterly revenue of $385 million, up 33.05% from the year-ago period.
PLTR's full-year Zacks Consensus Estimates are calling for earnings of $0.16 per share and revenue of $1.5 billion. These results would represent year-over-year changes of -15.79% and +37.48%, respectively.
Investors might also notice recent changes to analyst estimates for PLTR. 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 shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PLTR is currently a Zacks Rank #3 (Hold).
Investors should also note PLTR's current valuation metrics, including its Forward P/E ratio of 149.74. This represents a premium compared to its industry's average Forward P/E of 29.22.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the 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.