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Palantir Technologies Inc. (PLTR) Declines More Than Market: Some Information for Investors
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Palantir Technologies Inc. (PLTR - Free Report) closed at $196.19 in the latest trading session, marking a -2.74% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 2.6%.
Heading into today, shares of the company had gained 5.18% over the past month, outpacing the Computer and Technology sector's loss of 3.87% and the S&P 500's loss of 0.03%.
The investment community will be closely monitoring the performance of Palantir Technologies Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on November 2, 2026. The company is forecasted to report an EPS of $0.42, showcasing a 100% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.17 billion, indicating a 83.85% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.64 per share and a revenue of $8.22 billion, demonstrating changes of +118.67% and +83.65%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Palantir Technologies Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.35% increase. Palantir Technologies Inc. presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Palantir Technologies Inc. is currently exchanging hands at a Forward P/E ratio of 123.27. Its industry sports an average Forward P/E of 20.59, so one might conclude that Palantir Technologies Inc. is trading at a premium comparatively.
Also, we should mention that PLTR has a PEG ratio of 2.85. 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 1.25.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 76, placing it within the top 31% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Declines More Than Market: Some Information for Investors
Palantir Technologies Inc. (PLTR - Free Report) closed at $196.19 in the latest trading session, marking a -2.74% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 2.6%.
Heading into today, shares of the company had gained 5.18% over the past month, outpacing the Computer and Technology sector's loss of 3.87% and the S&P 500's loss of 0.03%.
The investment community will be closely monitoring the performance of Palantir Technologies Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on November 2, 2026. The company is forecasted to report an EPS of $0.42, showcasing a 100% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.17 billion, indicating a 83.85% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.64 per share and a revenue of $8.22 billion, demonstrating changes of +118.67% and +83.65%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Palantir Technologies Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.35% increase. Palantir Technologies Inc. presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Palantir Technologies Inc. is currently exchanging hands at a Forward P/E ratio of 123.27. Its industry sports an average Forward P/E of 20.59, so one might conclude that Palantir Technologies Inc. is trading at a premium comparatively.
Also, we should mention that PLTR has a PEG ratio of 2.85. 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 1.25.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 76, placing it within the top 31% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.