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Palantir Technologies Inc. (PLTR) Exceeds Market Returns: Some Facts to Consider
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Palantir Technologies Inc. (PLTR - Free Report) closed the most recent trading day at $152.72, moving +1.17% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.01%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 1.22%.
Shares of the company witnessed a gain of 14.87% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.06%, and the S&P 500's loss of 2.86%.
Market participants will be closely following the financial results of Palantir Technologies Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.29, reflecting a 123.08% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.54 billion, showing a 73.72% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.31 per share and a revenue of $7.22 billion, signifying shifts of +74.67% and +61.25%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Palantir Technologies Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 2.95% lower within the past month. Palantir Technologies Inc. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Palantir Technologies Inc. has a Forward P/E ratio of 115.16 right now. This valuation marks a premium compared to its industry average Forward P/E of 19.67.
It is also worth noting that PLTR currently has a PEG ratio of 2.33. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.09.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Palantir Technologies Inc. (PLTR) Exceeds Market Returns: Some Facts to Consider
Palantir Technologies Inc. (PLTR - Free Report) closed the most recent trading day at $152.72, moving +1.17% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.01%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 1.22%.
Shares of the company witnessed a gain of 14.87% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.06%, and the S&P 500's loss of 2.86%.
Market participants will be closely following the financial results of Palantir Technologies Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.29, reflecting a 123.08% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.54 billion, showing a 73.72% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.31 per share and a revenue of $7.22 billion, signifying shifts of +74.67% and +61.25%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Palantir Technologies Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 2.95% lower within the past month. Palantir Technologies Inc. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Palantir Technologies Inc. has a Forward P/E ratio of 115.16 right now. This valuation marks a premium compared to its industry average Forward P/E of 19.67.
It is also worth noting that PLTR currently has a PEG ratio of 2.33. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.09.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.