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Palantir Technologies Inc. (PLTR) Registers a Bigger Fall Than the Market: Important Facts to Note
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Palantir Technologies Inc. (PLTR - Free Report) ended the recent trading session at $119.50, demonstrating a -6.98% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.37%. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq decreased by 1.33%.
The company's shares have seen a decrease of 6.14% over the last month, not keeping up with the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
The investment community will be paying close attention to the earnings performance of Palantir Technologies Inc. in its upcoming release. The company is expected to report EPS of $0.35, up 118.75% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.81 billion, reflecting a 79.96% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.49 per share and revenue of $7.69 billion. These totals would mark changes of +98.67% and +71.77%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Palantir Technologies Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Palantir Technologies Inc. currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Palantir Technologies Inc. has a Forward P/E ratio of 86.27 right now. Its industry sports an average Forward P/E of 18.33, so one might conclude that Palantir Technologies Inc. is trading at a premium comparatively.
It is also worth noting that PLTR currently has a PEG ratio of 1.61. 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. The Internet - Software industry had an average PEG ratio of 0.99 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 35% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Palantir Technologies Inc. (PLTR) Registers a Bigger Fall Than the Market: Important Facts to Note
Palantir Technologies Inc. (PLTR - Free Report) ended the recent trading session at $119.50, demonstrating a -6.98% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.37%. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq decreased by 1.33%.
The company's shares have seen a decrease of 6.14% over the last month, not keeping up with the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
The investment community will be paying close attention to the earnings performance of Palantir Technologies Inc. in its upcoming release. The company is expected to report EPS of $0.35, up 118.75% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.81 billion, reflecting a 79.96% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.49 per share and revenue of $7.69 billion. These totals would mark changes of +98.67% and +71.77%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Palantir Technologies Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Palantir Technologies Inc. currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Palantir Technologies Inc. has a Forward P/E ratio of 86.27 right now. Its industry sports an average Forward P/E of 18.33, so one might conclude that Palantir Technologies Inc. is trading at a premium comparatively.
It is also worth noting that PLTR currently has a PEG ratio of 1.61. 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. The Internet - Software industry had an average PEG ratio of 0.99 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 35% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.