[ad_1]
The most recent trading session was for Palantir Technologies, Inc. (PLTR) to close at $23.80, representing -0.83% change from its previous closing price. This move lagged the S&P 500’s daily gain of 0.57%. Meanwhile, the Dow Jones Industrial Average rose 0.83%, and the tech-heavy Nasdaq rose 0.39%.
The company’s stock has fallen 1.8% over the past month, lagging the Business Services sector’s rise of 2.03% and the S&P 500’s rise of 2.97%.
Investors will be keeping an eye on Palantir Technologies’ performance in its upcoming earnings release. The company’s EPS is expected to be $0.08, representing a 60% year-over-year increase. Meanwhile, our latest consensus estimate is projecting sales of $614.88 million, up 17.08% from the prior-year period.
For the full fiscal year, our Zacks Consensus Estimates are projecting earnings of $0.33 per share and revenue of $2.68 billion, which would represent changes of +32% and +20.56%, respectively, from the prior year.
Investors should also note recent changes to analyst estimates for Palantir Technologies Inc. Recent revisions tend to reflect the latest short-term business trends. As such, positive estimate revisions indicate analyst confidence in the company’s business performance and earnings potential.
Based on our research, we believe these estimate revisions are directly related to near team stock movements. Investors can take advantage of this by using the Zacks Rank. This model takes these estimate changes into account and provides a simple and practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable, third-party-audited track record of outperformance, with #1 rated stocks having an average annual Generates a return of +25%. Over the past 30 days, the Zacks Consensus EPS estimate has not changed. Palantir Technologies Inc. currently has a Zacks Rank of #3 (Hold).
From a Valantir perspective, Palantir Technologies Inc. is currently trading at a forward P/E of 73 times. This is a premium compared to its industry’s average Forward P/E of 25.99.
It is also worth noting that PLTR’s current PEG ratio is 2.79. Compared to the widely accepted P/E ratio, the PEG ratio also explains a company’s expected earnings growth. As of yesterday’s close, the average PEG ratio for the Technology Services industry was 1.67.
The technology services industry is part of the business services sector. This industry currently has a Zacks Industry Rank of 95, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank evaluates the vitality of specific industry groups by calculating the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Throughout the coming trading sessions, be sure to use Zacks.com to monitor all of these metrics impacting stocks and more.
Want the latest recommendations from Zacks Investment Research? Today you can download 7 Best Stocks for the Next 30 Days.Click to get this free report
Palantir Technologies Inc. (PLTR): Free Stock Analysis Report
Click here to read this article on Zacks.com.
Zacks Investment Research
[ad_2]
Source link
