Palantir Technologies Inc. (PLTR) closed the most recent trading day at $ 22.90, which was down -1.59% from the previous trading session. This move resulted in the S&P 500’s daily profit of 0.15%.
Prior to today’s trading, the company’s shares have risen 4.09% over the past month. It surpassed the Operating Services profit of 0.58%, leaving the S&P 500’s profit of 6.19% at that time.
Wall Street will be looking for positivity at PLTR as it approaches its next earnings reporting date.
PLTR’s full annual Zacks consensus estimates call for $ 0.18 earnings per share and revenue of $ 1.46 billion. These results would represent year-on-year changes of -5.26% and + 33.58% respectively.
Investors can also see recent changes to the analysis estimates for PLTR. Recent reviews tend to reflect the latest business trends in the short term. As such, the positive estimate reflects the optimistic analysis of the business about the business and profitability.
Based on our research, we believe that the estimation of the review is directly related to the movements of the close team. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimates into account and provides a workable rating system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has a proven, unaudited performance record of better performance, with # 1 stocks averaging +25 annually since 1988 % yielded. month, the Zacks consensus estimate came to a standstill. 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, its industry has an average Forward P / E of 30.39, which means that PLTR is trading at a premium for the group.
The technology services industry is part of the business services sector. This industry currently has a Zacks Industry Rank of 170, which ranks in the bottom 34% of all 250+ industries.
The Zacks industry rankings are 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% of industries are better than the bottom half by a factor of 2 to 1.
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Palantir Technologies Inc. (PLTR): Free Inventory Analysis Report
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