In the latest close session, Palantir Technologies Inc. (PLTR) was down 2.27% at $137.97. This move lagged the S&P 500's daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.57%, and the technology-dominated Nasdaq saw an increase of 0.04%.
Heading into today, shares of the company had lost 3.49% over the past month, lagging the Computer and Technology sector's gain of 20.43% and the S&P 500's gain of 12.24%.
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 4, 2026. The company is predicted to post an EPS of $0.29, indicating a 123.08% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.54 billion, indicating a 73.72% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.34 per share and revenue of $7.23 billion, which would represent changes of +78.67% and +61.65%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Palantir Technologies Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.04% higher. Palantir Technologies Inc. is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Palantir Technologies Inc. is currently exchanging hands at a Forward P/E ratio of 105.43. This valuation marks a premium compared to its industry average Forward P/E of 18.77.
It's also important to note that PLTR currently trades at a PEG ratio of 2.13. 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. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.08.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 70, which puts it in the top 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Palantir Technologies Inc. (PLTR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).