Palantir Technologies Inc. (PLTR) closed the most recent trading day at $ 22.90, up -1.59% from the previous trading session. This move lagged the S&P 500’s daily profit of 0.15%.
Prior to today’s trading, the company’s stock was up 4.09% for the past month. This exceeded the profit of the business services sector of 0.58% and lagged the S&P 500’s profit of 6.19% at the time.
Wall Street will be looking for positivity from PLTR as it approaches its next earnings report date.
PLTR’s Zacks Consensus Estimates for the full year call for earnings of $ 0.18 per share and revenues of $ 1.46 billion. These results would represent annual changes of -5.26% and + 33.58% respectively.
Investors may also notice recent changes in analyst estimates for PLTR. Recent revisions usually reflect the latest short-term business trends. As such, positive estimate revisions reflect analysts’ optimism about the company’s business and profitability.
Based on our research, we believe that these estimate revisions are directly related to near-team stock movements. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimation changes into account and provides an action-oriented grading system.
Ranging from No. 1 (strong buy) to No. 5 (strong sell), the Zacks Rank system has a proven, externally audited track record of outperformance, with No. 1 shares averaging + 25% per year since 1988 returned. Over the past month, Zacks consensus earnings per share estimate remained stagnant. PLTR currently has a Zacks Rank of # 3 (Hold).
Valuation is also important, so investors should note that PLTR currently has a Forward P / E ratio of 133.94. In comparison, the sector has an average Forward P / E of 30.39, which means that PLTR is trading at a premium to the group.
The Technology Services sector is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 170, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank inclusive is ranked from best to worst in terms of the average Zacks Rank of the individual companies within each of these industries. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Follow all of these stock moving stats, and more, in the coming trading sessions.
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Palantir Technologies Inc. (PLTR): Free stock analysis report
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