In the last trading session, Palantir Technologies Inc. (PLTR) closed at $ 21.78, a move from -0.73% from the previous day. This change dropped the 0.68% loss on the S&P 500.
Today, the company’s shares lost 7.61% in the past month. At the same time, the business services sector rose by 0.56%, while the S&P 500 rose by 6.62%.
PLTR wants to show strength as it releases its next earnings.
Our Zacks consensus estimates for the full year are earnings of $ 0.18 per share and revenue of $ 1.46 billion, which would be -5.26% and + 33.58% respectively compared to the previous year represent.
Investors should also note recent changes to the PLTR analysis estimates. These reviews help to demonstrate the ever-changing nature of business trends in the short term. Keeping this in mind, we can review the positive estimate as a sign of optimism about the company’s prospects.
Based on our research, we believe that the estimate of the review is directly related to the movements of the close team. Investors can benefit from this by using the Zacks Rank. This model takes these estimation changes into account and provides a simple, effective rating system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has a proven, unaudited track record of performance, with # 1 stocks averaging + 25% annually since 1988 yields yield. month, the Zacks consensus estimate came to a standstill. PLTR currently has a Zacks rank of # 3 (Hold).
In terms of valuation, PLTR is currently trading at a forward P / E ratio of 128.4. This represents a premium compared to the industry’s average forward P / E of 31.39.
The technology services industry is part of the business sector services. This group has a Zacks ranking of 159, which accounts for 38% of all 250+ trades.
The Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries are better than the bottom half by a factor of 2 to 1.
Use Zacks.com to track PLTR in upcoming trading sessions.
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Palantir Technologies Inc. (PLTR): Free Stock Analysis Report
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