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Palantir Technologies Inc. (PLTR) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Palantir Technologies Inc. (PLTR - Free Report) closed at $8.31, marking a -1.19% move from the previous day. This change lagged the S&P 500's 0.61% loss on the day. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, lost 0.67%.
Heading into today, shares of the company had gained 31.41% over the past month, outpacing the Business Services sector's gain of 10.54% and the S&P 500's gain of 8.32% in that time.
Wall Street will be looking for positivity from Palantir Technologies Inc. as it approaches its next earnings report date. This is expected to be February 13, 2023. In that report, analysts expect Palantir Technologies Inc. to post earnings of $0.03 per share. This would mark year-over-year growth of 50%. Our most recent consensus estimate is calling for quarterly revenue of $505.95 million, up 16.88% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Palantir Technologies Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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, the Zacks Consensus EPS estimate has moved 3.7% lower. Palantir Technologies Inc. is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Palantir Technologies Inc.'s current valuation metrics, including its Forward P/E ratio of 55.45. This valuation marks a premium compared to its industry's average Forward P/E of 23.23.
We can also see that PLTR currently has a PEG ratio of 1.97. 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. Technology Services stocks are, on average, holding a PEG ratio of 2.29 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Palantir Technologies Inc. (PLTR) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Palantir Technologies Inc. (PLTR - Free Report) closed at $8.31, marking a -1.19% move from the previous day. This change lagged the S&P 500's 0.61% loss on the day. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, lost 0.67%.
Heading into today, shares of the company had gained 31.41% over the past month, outpacing the Business Services sector's gain of 10.54% and the S&P 500's gain of 8.32% in that time.
Wall Street will be looking for positivity from Palantir Technologies Inc. as it approaches its next earnings report date. This is expected to be February 13, 2023. In that report, analysts expect Palantir Technologies Inc. to post earnings of $0.03 per share. This would mark year-over-year growth of 50%. Our most recent consensus estimate is calling for quarterly revenue of $505.95 million, up 16.88% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Palantir Technologies Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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, the Zacks Consensus EPS estimate has moved 3.7% lower. Palantir Technologies Inc. is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Palantir Technologies Inc.'s current valuation metrics, including its Forward P/E ratio of 55.45. This valuation marks a premium compared to its industry's average Forward P/E of 23.23.
We can also see that PLTR currently has a PEG ratio of 1.97. 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. Technology Services stocks are, on average, holding a PEG ratio of 2.29 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.