Palantir Technologies (PLTR) finished at $ 21.71 in the most recent trading session, down 2.12% from the day before. This movement is behind the 0.42 % increase in the S&P 500 index for the day. Over the last month, the company’s stock has been down 14.42%. This was less than the loss of the business services sector (15.93%) and lagged behind the growth of the S&P 500 by 2.64% during this time.
The technology services industry is part of the business services sector. This group is ranked 168th in the Zacks rating in the industry, which puts it in the bottom 34% of all 250+ industries. PLTR will be looking to demonstrate strength as the next earnings report approaches. According to our Zacks consensus forecasts, for the full year, profit will be $ 0.14 per share and revenue will be $ 1.48 billion, which represents a change of -26.32% and + 35.26%, respectively, compared to the previous year.
Recent variations in analyst estimates for PLTR may also be noticed by investors. The most recent adjustments are a reflection of current short-term business trends. As a result, the upward revision of the projections might be interpreted as a positive indicator for the company’s business prospects.