In today’s trading session, Palantir Technologies Inc. (PLTR) saw its stock close at $35.59, marking a notable +1.95% gain. This performance outstripped the S&P 500’s daily rise of 0.54%. The Dow Jones Industrial Average climbed 0.72%, while the tech-heavy Nasdaq increased by 0.65%.
Palantir’s stock has surged by 11.82% over the past month, significantly outperforming the Business Services sector, which gained 7.34%, and the S&P 500, which saw a 4.86% increase.
Looking ahead, Palantir’s upcoming earnings report is highly anticipated. Analysts forecast an earnings per share (EPS) of $0.09, reflecting a 28.57% increase from the same quarter last year. Revenue is expected to reach $705.1 million, up 26.33% compared to the previous year.
For the full year, the Zacks Consensus Estimates predict earnings of $0.36 per share and revenue of $2.76 billion, indicating year-over-year growth of 44% and 24.15%, respectively.
Investors should also monitor recent analyst forecast revisions for Palantir. Positive revisions often signal confidence in the company’s near-term performance and can influence stock price movements. The Zacks Rank system, which evaluates these revisions, currently rates Palantir as #3 (Hold). Historically, Zacks #1 (Strong Buy) stocks have delivered an average annual return of +25% since 1988.
Palantir’s current valuation metrics include a Forward P/E ratio of 97.65, which is notably higher than the industry average of 23.36. Additionally, its PEG ratio stands at 3.25, compared to the Technology Services industry’s average of 1.51.
The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 73, placing it in the top 29% of over 250 industries. This ranking reflects the average Zacks Rank of stocks within the industry, with higher-ranked industries historically outperforming lower-ranked ones.
For more updates on Palantir Technologies Inc., visit Zacks.com.
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