![]() Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about Palantir Technologies Inc. Click here to see the values of some of the valuation metrics that have driven this grade. is graded D on this front, indicating that it is trading at a premium to its peers. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.Īs part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B B is better than C and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. No investment decision can be efficient without considering a stock's valuation. The company topped consensus revenue estimates each time over this period. The company could not beat consensus EPS estimates in any of the last four quarters. EPS of $0.01 for the same period compares with $0.04 a year ago.Ĭompared to the Zacks Consensus Estimate of $474.58 million, the reported revenues represent a surprise of +0.69%. reported revenues of $477.88 million in the last reported quarter, representing a year-over-year change of +21.9%. Last Reported Results and Surprise History For the current and next fiscal years, $1.9 billion and $2.3 billion estimates indicate +23.4% and +21% changes, respectively. the consensus sales estimate for the current quarter of $505.95 million indicates a year-over-year change of +16.9%. So, it's important to know a company's potential revenue growth.įor Palantir Technologies Inc. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Over the last 30 days, this estimate has remained unchanged.ġ2-month consensus EPS estimate for PLTR _12MonthEPSChartUrl The Zacks Consensus Estimate remained unchanged over the last 30 days.įor the current fiscal year, the consensus earnings estimate of $0.04 points to a change of -69.2% from the prior year. is expected to post earnings of $0.03 per share, indicating a change of +50% from the year-ago quarter. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.įor the current quarter, Palantir Technologies Inc. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. When earnings estimates for a company go up, the fair value for its stock goes up as well. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. ![]() That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. The key question now is: What could be the stock's future direction?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. During this period, the Zacks Technology Services industry, which Palantir Technologies Inc. ![]() Over the past month, shares of this company have returned -15.3%, compared to the Zacks S&P 500 composite's -4.8% change. So, you might want to look at some of the facts that could shape the stock's performance in the near term. (PLTR) has been one of the most searched-for stocks on lately.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |