Our proprietary surprise prediction model - the Zacks Earnings ESP (Expected Surprise Prediction) - has this insight at its core. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Įstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The consensus EPS estimate for the quarter has been revised 5.88% higher over the last 30 days to the current level. Revenues are expected to be $555.02 million, up 16.1% from the year-ago quarter. This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of +500%. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. On the other hand, if they miss, the stock may move lower. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 2. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. (PLTR) reports results for the quarter ended September 2023. To read this article on click here.Wall Street expects a year-over-year increase in earnings on higher revenues when Palantir Technologies Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.īe sure to follow all of these stock-moving metrics, and many more, on. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. ![]() This group has a Zacks Industry Rank of 111, putting it in the top 45% of all 250+ industries. The Technology Services industry is part of the Business Services sector. PLTR's industry had an average PEG ratio of 1.67 as of yesterday's close. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. It is also worth noting that PLTR currently has a PEG ratio of 1.39. For comparison, its industry has an average Forward P/E of 23.03, which means Palantir Technologies Inc. is currently a Zacks Rank #2 (Buy).ĭigging into valuation, Palantir Technologies Inc. Over the past month, the Zacks Consensus EPS estimate remained stagnant. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). ![]() Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Our research shows that these estimate changes are directly correlated with near-term stock prices. ![]() ![]() With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Investors might also notice recent changes to analyst estimates for Palantir Technologies Inc.Recent revisions tend to reflect the latest near-term business trends. Meanwhile, our latest consensus estimate is calling for revenue of $529.94 million, up 12.04% from the prior-year quarter.įor the full year, our Zacks Consensus Estimates are projecting earnings of $0.21 per share and revenue of $2.21 billion, which would represent changes of +250% and +15.76%, respectively, from the prior year. is projected to report earnings of $0.05 per share, which would represent year-over-year growth of 600%. will be looking to display strength as it nears its next earnings release. In that same time, the Business Services sector gained 2.81%, while the S&P 500 gained 3.18%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.61%.Ĭoming into today, shares of the company had gained 4.27% in the past month. This move outpaced the S&P 500's daily gain of 0.85%. (PLTR) closed at $16.74 in the latest trading session, marking a +0.9% move from the prior day.
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