PLTR undervalue company

Palantir Technologies Inc. (PLTR) closed the most recent trading day at $22.30, moving +0.27% from the previous trading session. This change outpaced the S&P 500's 0.46% loss on the day.

Prior to today's trading, shares of the company had lost 9.89% over the past month. This has lagged the Business Services sector's loss of 3.15% and the S&P 500's gain of 1.69% in that time.

Wall Street will be looking for positivity from PLTR as it approaches its next earnings report date. This is expected to be August 12, 2021.

PLTR's full-year Zacks Consensus Estimates are calling for earnings of $0.14 per share and revenue of $1.48 billion. These results would represent year-over-year changes of -26.32% and +35.26%, respectively.

Any recent changes to analyst estimates for PLTR should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.