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Palantir Technologies Inc. (PLTR) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Palantir Technologies Inc. (PLTR - Free Report) closed at $141.57, marking a -7.24% move from the previous day. This change lagged the S&P 500's 0.41% loss on the day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.89%.
The company's shares have seen a decrease of 1.51% over the last month, not keeping up with the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
Market participants will be closely following the financial results of Palantir Technologies Inc. in its upcoming release. The company plans to announce its earnings on May 4, 2026. The company is expected to report EPS of $0.29, up 123.08% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.54 billion, up 73.72% from the prior-year quarter.
PLTR's full-year Zacks Consensus Estimates are calling for earnings of $1.34 per share and revenue of $7.23 billion. These results would represent year-over-year changes of +78.67% and +61.65%, respectively.
Any recent changes to analyst estimates for Palantir Technologies Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.04% higher. Palantir Technologies Inc. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Palantir Technologies Inc. currently has a Forward P/E ratio of 113.97. This represents a premium compared to its industry average Forward P/E of 19.47.
It is also worth noting that PLTR currently has a PEG ratio of 2.3. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.14 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 88, this industry ranks in the top 37% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Palantir Technologies Inc. (PLTR) Dips More Than Broader Market: What You Should Know
In the latest trading session, Palantir Technologies Inc. (PLTR - Free Report) closed at $141.57, marking a -7.24% move from the previous day. This change lagged the S&P 500's 0.41% loss on the day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.89%.
The company's shares have seen a decrease of 1.51% over the last month, not keeping up with the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
Market participants will be closely following the financial results of Palantir Technologies Inc. in its upcoming release. The company plans to announce its earnings on May 4, 2026. The company is expected to report EPS of $0.29, up 123.08% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.54 billion, up 73.72% from the prior-year quarter.
PLTR's full-year Zacks Consensus Estimates are calling for earnings of $1.34 per share and revenue of $7.23 billion. These results would represent year-over-year changes of +78.67% and +61.65%, respectively.
Any recent changes to analyst estimates for Palantir Technologies Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.04% higher. Palantir Technologies Inc. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Palantir Technologies Inc. currently has a Forward P/E ratio of 113.97. This represents a premium compared to its industry average Forward P/E of 19.47.
It is also worth noting that PLTR currently has a PEG ratio of 2.3. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.14 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 88, this industry ranks in the top 37% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.