Palantir Draws Heavy Investor Search as Zacks Rates Stock a Buy

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Palantir Technologies has become one of the most searched-for stocks on Zacks.com, with the company rated Zacks Rank #2 (Buy) on the strength of its earnings estimate trends. For the current quarter, Palantir is expected to post earnings of $0.41 per share, a change of +95.2% from the year-ago quarter, while the consensus estimate has remained unchanged over the last 30 days. The consensus earnings estimate for the current fiscal year stands at $1.6, pointing to a change of +113.3% from the prior year, and the next fiscal year's estimate of $2.25 indicates a change of +40.9%. Consensus sales estimates for the current quarter, current fiscal year and next fiscal year are $2.17 billion, $8.14 billion and $11.59 billion, indicating year-over-year changes of +84%, +81.8% and +42.5%, respectively. In its last reported quarter, Palantir posted revenues of $1.94 billion, up +92.8% year over year, and EPS of $0.41 versus $0.16 a year ago, beating the Zacks Consensus Estimate of $1.81 billion by +7.16% on revenue with an EPS surprise of +17.14%. The stock has returned +4.1% over the past month versus the Zacks S&P 500 composite's +1.3% change, while the Zacks Internet - Software industry has gained 13.4% over the same period, and Palantir carries a Zacks Value Style Score of F, indicating it trades at a premium to its peers.

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