We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Palantir Technologies Inc. (PLTR) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
In the latest trading session, Palantir Technologies Inc. (PLTR - Free Report) closed at $9.23, marking a -0.86% move from the previous day. This change lagged the S&P 500's daily loss of 0.07%. Meanwhile, the Dow gained 0.27%, and the Nasdaq, a tech-heavy index, added 0.02%.
Heading into today, shares of the company had gained 7.26% over the past month, outpacing the Business Services sector's loss of 8.85% and the S&P 500's loss of 7.99% in that time.
Wall Street will be looking for positivity from Palantir Technologies Inc. as it approaches its next earnings report date. The company is expected to report EPS of $0.03, down 25% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $471.53 million, up 25.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.15 per share and revenue of $1.98 billion. These totals would mark changes of +15.38% and +28.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Palantir Technologies Inc.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Palantir Technologies Inc. currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Palantir Technologies Inc. currently has a Forward P/E ratio of 61.25. This valuation marks a premium compared to its industry's average Forward P/E of 20.91.
It is also worth noting that PLTR currently has a PEG ratio of 1.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PLTR's industry had an average PEG ratio of 1.92 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Palantir Technologies Inc. (PLTR) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Palantir Technologies Inc. (PLTR - Free Report) closed at $9.23, marking a -0.86% move from the previous day. This change lagged the S&P 500's daily loss of 0.07%. Meanwhile, the Dow gained 0.27%, and the Nasdaq, a tech-heavy index, added 0.02%.
Heading into today, shares of the company had gained 7.26% over the past month, outpacing the Business Services sector's loss of 8.85% and the S&P 500's loss of 7.99% in that time.
Wall Street will be looking for positivity from Palantir Technologies Inc. as it approaches its next earnings report date. The company is expected to report EPS of $0.03, down 25% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $471.53 million, up 25.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.15 per share and revenue of $1.98 billion. These totals would mark changes of +15.38% and +28.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Palantir Technologies Inc.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Palantir Technologies Inc. currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Palantir Technologies Inc. currently has a Forward P/E ratio of 61.25. This valuation marks a premium compared to its industry's average Forward P/E of 20.91.
It is also worth noting that PLTR currently has a PEG ratio of 1.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PLTR's industry had an average PEG ratio of 1.92 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.