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Palantir Technologies Inc. (PLTR) Increases Despite Market Slip: Here's What You Need to Know
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Palantir Technologies Inc. (PLTR - Free Report) ended the recent trading session at $194.12, demonstrating a +1.07% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.66%, and the technology-dominated Nasdaq saw a decrease of 0.22%.
The company's stock has climbed by 12.78% in the past month, exceeding the Computer and Technology sector's gain of 6.54% and the S&P 500's gain of 1.4%.
Investors will be eagerly watching for the performance of Palantir Technologies Inc. in its upcoming earnings disclosure. On that day, Palantir Technologies Inc. is projected to report earnings of $0.42 per share, which would represent year-over-year growth of 100%. In the meantime, our current consensus estimate forecasts the revenue to be $2.17 billion, indicating a 83.95% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.61 per share and a revenue of $8.19 billion, representing changes of +114.67% and +82.96%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Palantir Technologies Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
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. Currently, Palantir Technologies Inc. is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Palantir Technologies Inc. is currently being traded at a Forward P/E ratio of 119.48. This expresses a premium compared to the average Forward P/E of 20.09 of its industry.
We can additionally observe that PLTR currently boasts a PEG ratio of 2.15. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.18.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Palantir Technologies Inc. (PLTR) Increases Despite Market Slip: Here's What You Need to Know
Palantir Technologies Inc. (PLTR - Free Report) ended the recent trading session at $194.12, demonstrating a +1.07% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.66%, and the technology-dominated Nasdaq saw a decrease of 0.22%.
The company's stock has climbed by 12.78% in the past month, exceeding the Computer and Technology sector's gain of 6.54% and the S&P 500's gain of 1.4%.
Investors will be eagerly watching for the performance of Palantir Technologies Inc. in its upcoming earnings disclosure. On that day, Palantir Technologies Inc. is projected to report earnings of $0.42 per share, which would represent year-over-year growth of 100%. In the meantime, our current consensus estimate forecasts the revenue to be $2.17 billion, indicating a 83.95% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.61 per share and a revenue of $8.19 billion, representing changes of +114.67% and +82.96%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Palantir Technologies Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
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. Currently, Palantir Technologies Inc. is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Palantir Technologies Inc. is currently being traded at a Forward P/E ratio of 119.48. This expresses a premium compared to the average Forward P/E of 20.09 of its industry.
We can additionally observe that PLTR currently boasts a PEG ratio of 2.15. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.18.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.