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Palantir Technologies Inc. (PLTR) Stock Sinks As Market Gains: Here's Why
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Palantir Technologies Inc. (PLTR - Free Report) closed the most recent trading day at $196.26, moving -1.24% from the previous trading session. This change lagged the S&P 500's 0.28% gain on the day. Elsewhere, the Dow gained 0.19%, while the tech-heavy Nasdaq added 0.27%.
Coming into today, shares of the company had gained 6.29% in the past month. In that same time, the Computer and Technology sector lost 4.89%, while the S&P 500 lost 0.2%.
The upcoming earnings release of Palantir Technologies Inc. will be of great interest to investors. The company's earnings report is expected on November 2, 2026. In that report, analysts expect Palantir Technologies Inc. to post earnings of $0.41 per share. This would mark year-over-year growth of 95.24%. At the same time, our most recent consensus estimate is projecting a revenue of $2.17 billion, reflecting a 83.85% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.62 per share and a revenue of $8.22 billion, indicating changes of +116% and +83.65%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Palantir Technologies Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 past month, there's been a 0.99% rise in the Zacks Consensus EPS estimate. Palantir Technologies Inc. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Palantir Technologies Inc. currently has a Forward P/E ratio of 122.74. This valuation marks a premium compared to its industry average Forward P/E of 21.1.
Also, we should mention that PLTR has a PEG ratio of 2.83. 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 was holding an average PEG ratio of 1.25 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 80, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Palantir Technologies Inc. (PLTR) Stock Sinks As Market Gains: Here's Why
Palantir Technologies Inc. (PLTR - Free Report) closed the most recent trading day at $196.26, moving -1.24% from the previous trading session. This change lagged the S&P 500's 0.28% gain on the day. Elsewhere, the Dow gained 0.19%, while the tech-heavy Nasdaq added 0.27%.
Coming into today, shares of the company had gained 6.29% in the past month. In that same time, the Computer and Technology sector lost 4.89%, while the S&P 500 lost 0.2%.
The upcoming earnings release of Palantir Technologies Inc. will be of great interest to investors. The company's earnings report is expected on November 2, 2026. In that report, analysts expect Palantir Technologies Inc. to post earnings of $0.41 per share. This would mark year-over-year growth of 95.24%. At the same time, our most recent consensus estimate is projecting a revenue of $2.17 billion, reflecting a 83.85% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.62 per share and a revenue of $8.22 billion, indicating changes of +116% and +83.65%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Palantir Technologies Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 past month, there's been a 0.99% rise in the Zacks Consensus EPS estimate. Palantir Technologies Inc. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Palantir Technologies Inc. currently has a Forward P/E ratio of 122.74. This valuation marks a premium compared to its industry average Forward P/E of 21.1.
Also, we should mention that PLTR has a PEG ratio of 2.83. 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 was holding an average PEG ratio of 1.25 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 80, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.