Palantir Technologies Inc. (PLTR) Surpasses Market Returns: Some Facts Worth Knowing

The latest trading session saw Palantir Technologies Inc. (PLTR) ending at $93.78, denoting a +1.15% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.13%. On the other hand, the Dow registered a loss of 1.33%, and the technology-centric Nasdaq decreased by 0.13%.Shares of the company have appreciated by 7.68% over the course of the past month, outperforming the Computer and Technology sector's loss of 9.27% and the S&P 500's loss of 6.3%.Market participants will be closely following the financial results of Palantir Technologies Inc. in its upcoming release. The company plans to announce its earnings on May 5, 2025. The company's upcoming EPS is projected at $0.13, signifying a 62.5% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $864.19 million, indicating a 36.23% upward movement from the same quarter last year.PLTR's full-year Zacks Consensus Estimates are calling for earnings of $0.55 per share and revenue of $3.78 billion. These results would represent year-over-year changes of +34.15% and +32.08%, respectively.Investors might also notice recent changes to analyst estimates for Palantir Technologies Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 has moved 1.02% lower. Palantir Technologies Inc. currently has a Zacks Rank of #3 (Hold).Investors should also note Palantir Technologies Inc.'s current valuation metrics, including its Forward P/E ratio of 167.65. This valuation marks a premium compared to its industry's average Forward P/E of 24.35.We can also see that PLTR currently has a PEG ratio of 5.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.93.The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 72, this industry ranks in the top 30% of all industries, numbering over 250.The Zacks Industry Rank gauges the strength of our 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.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks