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Palantir Technologies Inc. (PLTR) Stock Sinks As Market Gains: What You Should Know
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Palantir Technologies Inc. (PLTR - Free Report) closed at $16.72 in the latest trading session, marking a -1.01% move from the prior day. This change lagged the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.14%.
Prior to today's trading, shares of the company had lost 9.39% over the past month. This has was narrower than the Business Services sector's loss of 15.71% and lagged the S&P 500's gain of 0.12% in that time.
Wall Street will be looking for positivity from Palantir Technologies Inc. as it approaches its next earnings report date. On that day, Palantir Technologies Inc. is projected to report earnings of $0.04 per share, which would represent a year-over-year decline of 42.86%. Meanwhile, our latest consensus estimate is calling for revenue of $418.1 million, up 29.81% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Palantir Technologies Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Palantir Technologies Inc. is currently a Zacks Rank #2 (Buy).
In terms of valuation, Palantir Technologies Inc. is currently trading at a Forward P/E ratio of 77.95. Its industry sports an average Forward P/E of 22.83, so we one might conclude that Palantir Technologies Inc. is trading at a premium comparatively.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Palantir Technologies Inc. (PLTR) Stock Sinks As Market Gains: What You Should Know
Palantir Technologies Inc. (PLTR - Free Report) closed at $16.72 in the latest trading session, marking a -1.01% move from the prior day. This change lagged the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.14%.
Prior to today's trading, shares of the company had lost 9.39% over the past month. This has was narrower than the Business Services sector's loss of 15.71% and lagged the S&P 500's gain of 0.12% in that time.
Wall Street will be looking for positivity from Palantir Technologies Inc. as it approaches its next earnings report date. On that day, Palantir Technologies Inc. is projected to report earnings of $0.04 per share, which would represent a year-over-year decline of 42.86%. Meanwhile, our latest consensus estimate is calling for revenue of $418.1 million, up 29.81% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Palantir Technologies Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Palantir Technologies Inc. is currently a Zacks Rank #2 (Buy).
In terms of valuation, Palantir Technologies Inc. is currently trading at a Forward P/E ratio of 77.95. Its industry sports an average Forward P/E of 22.83, so we one might conclude that Palantir Technologies Inc. is trading at a premium comparatively.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.