Over the last four quarters, Palantir Technologies Inc. EPS of $0.05 for the same period compares with -$0.01 a year ago.Ĭompared to the Zacks Consensus Estimate of $533.88 million, the reported revenues represent a surprise of -0.11%. reported revenues of $533.32 million in the last reported quarter, representing a year-over-year change of +12.8%. Last Reported Results and Surprise History The $2.21 billion and $2.64 billion estimates for the current and next fiscal years indicate changes of +16.2% and +19.1%, respectively. the consensus sales estimate of $555.01 million for the current quarter points to a year-over-year change of +16.1%. In the case of Palantir Technologies Inc. Therefore, knowing a company's potential revenue growth is crucial. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:Įven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Palantir Technologies Inc. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Over the past month, the estimate has changed +3.4%. This estimate has changed +23.7% over the last 30 days.įor the next fiscal year, the consensus earnings estimate of $0.27 indicates a change of +18.8% from what Palantir Technologies Inc. The consensus earnings estimate of $0.22 for the current fiscal year indicates a year-over-year change of +266.7%. The Zacks Consensus Estimate has changed +17.9% over the last 30 days. is expected to post earnings of $0.06 per share, indicating a change of +500% from the year-ago quarter. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.įor the current quarter, Palantir Technologies Inc. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. 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 -15.6%, compared to the Zacks S&P 500 composite's +1% change. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. (PLTR) has recently been on 's list of the most searched stocks. Palantir Apollo is the operating system for continuous delivery and deployment across all environments.Palantir Technologies Inc. Gotham was also used by cyber analysts at Information Warfare Monitor, a Canadian public-private venture which operated from 2003 to 2012. In the past, Gotham was used by fraud investigators at the Recovery Accountability and Transparency Board, a former US federal agency which operated from 2009 to 2015. ![]() Palantir Gotham is used by counter-terrorism analysts at offices in the United States Intelligence Community and United States Department of Defense. The company is known for three projects in particular: Palantir Gotham, Palantir Apollo, and Palantir Foundry. ![]() The company's name is derived from The Lord of the Rings where the magical palantíri were "seeing-stones," described as indestructible balls of crystal used for communication and to see events in other parts of the world. ![]() Headquartered in Denver, Colorado, it was founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp in 2003. Palantir Technologies is a public American company that specializes in big data analytics.
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