Palantir Technologies Inc. (PLTR) Stock Sinks As Market Gains: What You Should Know – Yahoo Finance
In the latest trading session, Palantir Technologies Inc. (PLTR) closed at $6.29, marking a -0.47% move from the previous day. This change lagged the S&P 500's 0.59% gain on the day. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 0.45%.
Heading into today, shares of the company had lost 14.25% over the past month, lagging the Business Services sector's loss of 3.75% and the S&P 500's loss of 4.33% in that time.
Investors will be hoping for strength from Palantir Technologies Inc. as it approaches its next earnings release. The company is expected to report EPS of $0.03, up 50% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $505.95 million, up 16.88% from the prior-year quarter.
PLTR's full-year Zacks Consensus Estimates are calling for earnings of $0.04 per share and revenue of $1.9 billion. These results would represent year-over-year changes of -69.23% and +23.43%, respectively.
Any recent changes to analyst estimates for Palantir Technologies Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Palantir Technologies Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, Palantir Technologies Inc. is currently trading at a Forward P/E ratio of 143.64. Its industry sports an average Forward P/E of 22.99, so we one might conclude that Palantir Technologies Inc. is trading at a premium comparatively.
Also, we should mention that PLTR has a PEG ratio of 5.1. 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 1.99 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 150, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges 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 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.
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
To read this article on Zacks.com click here.
Zacks Investment Research
Related Quotes
These top-tier stocks make for genius buys with the Nasdaq Composite plunging as much as 38% from its peak.
Power Corporation of Canada ( TSE:POW ) stock is about to trade ex-dividend in 4 days. The ex-dividend date is one…
(Bloomberg) — Bank of Japan Governor Haruhiko Kuroda shocked markets earlier this week by doubling a cap on 10-year yields, in a move that helps pave the way for possible monetary policy normalization under a new governor.Most Read from BloombergElon Musk Warns Against Margin Debt on Risk of Market ‘Mass Panic’Power Outages, Flight Delays as US Storm Leaves Trail of ChaosRussia May Raise Crude Oil Exports if EU Ban Cuts RefiningBest Nonfiction of 2022: Great Books That Will Make You ThinkUkrain
From a smooth transition to new coach Wilfried Nancy's playing style to fewer weather delays, a holiday wish list for the Columbus Crew.
While Hanesbrands Inc. ( NYSE:HBI ) might not be the most widely known stock at the moment, it saw significant share…
Despite all the pain from Elon Musk's Twitter distractions, Tesla ranks fourth on a list of the worst S&P 500 stocks of 2022 by market-value decline.
In this piece, we will take a look at the top twelve stocks that are on Cathie Wood’s radar. For more stocks, head on over to Cathie Wood Is Loading Up On These 5 Stocks. If there’s one thing that can be said for certain in today’s highly volatile environment, it’s that 2022 has not […]
(Bloomberg) — Billionaire Elon Musk is warning against something he himself has done — borrowing against the value of securities one owns — because of the risk of “mass panic” in the stock market.Most Read from BloombergElon Musk Warns Against Margin Debt on Risk of Market ‘Mass Panic’Power Outages, Flight Delays as US Storm Leaves Trail of ChaosRussia May Raise Crude Oil Exports if EU Ban Cuts RefiningBest Nonfiction of 2022: Great Books That Will Make You ThinkUkraine Latest: Putin Says He’s
The ailing market rally is still fighting. Celsius, Shift4Payments lead growth stocks to watch. Tesla Shanghai production has been suspended.
With that in mind, let's have a look at three stocks worth avoiding in 2023: Meta Platforms (NASDAQ: META), Affirm (NASDAQ: AFRM), and Palantir Technologies (NYSE: PLTR). E.U. regulators have threatened the company with antitrust fines that could total up to 10% of the company's annual revenue, amounting to $11.8 billion based on the past 12 months.
Years ago, investors observed that a phenomenon dubbed the Santa Claus rally often occurred during the year-end holidays. Three Motley Fool contributors identified stocks they think could soar in a Santa Claus rally. Here's why they picked Gilead Sciences (NASDAQ: GILD), NovoCure (NASDAQ: NVCR), and Pfizer (NYSE: PFE).
Some of the biggest names in the world had a lousy year which makes them perfect additions to your portfolio.
EDAP TMS S.A. (NASDAQ:EDAP) Q3 2022 Earnings Call Transcript November 17, 2022 Operator: Greetings and welcome to EDAP TMS Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would now like to […]
Take a look at this list of stock market holidays in 2022 to find out whether the market will be open on days like Labor Day, Black Friday, Christmas Eve and more.
Billionaires have been able to not only acquire wealth but most have gradually built it over time. This means that many have had successful investments, which makes it natural for everyone else to wonder where they are investing or keeping … Continue reading → The post Where Do Billionaires Keep Their Money? appeared first on SmartAsset Blog.
In this piece, we will take a look at the 17 biggest energy companies in the U.S. For more companies, head on over to 5 Biggest Energy Companies in the U.S. America is one of the world’s most industrialized regions, with the largest economy in nominal terms. This also makes it one of the world’s […]
More than anything else focus on your trading and investment strategy rather than trying to find a stock that requires no effort.
The Dow Jones Industrial Average experienced volatility this year, facing multiple headwinds. Even so, a few stocks listed in the index performed well. Here's a look at four of them.
With few prospects for deals and a surprise tax bill looming next year, special-purpose acquisition companies are closing at a rate of about four a day this month.
More evidence for the housing market downturn came this week, as a slew of housing market readings came in worse than expected. Now, there appears to be anecdotal evidence to confirm the same. What Happened: Bill Gates has listed for sale the three-bedroom New York City apartment that he bought for his daughter Jennifer in 2018, the New York Post reported. The twist in the tale is that the asking price is $4.75 million, a discount from the $5 million at which it was purchased. The condominium, w