Palantir Technologies Inc. (PLTR) closed at $24.26 in the latest trading session, marking a +1.08% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.34%.Heading into today, shares of the company had lost 16.41% over the past month, lagging the Business Services sector's loss of 3.41% and the S&P 500's loss of 0.12% in that time.Wall Street will be looking for positivity from PLTR as it approaches its next earnings report date. The company is expected to report EPS of $0.04, down 55.56% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $385 million, up 33.05% from the year-ago period.PLTR's full-year Zacks Consensus Estimates are calling for earnings of $0.16 per share and revenue of $1.5 billion. These results would represent year-over-year changes of -15.79% and +37.48%, respectively.Investors might also notice recent changes to analyst estimates for PLTR. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.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.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. PLTR is holding a Zacks Rank of #3 (Hold) right now.Valuation is also important, so investors should note that PLTR has a Forward P/E ratio of 154.84 right now. For comparison, its industry has an average Forward P/E of 28.42, which means PLTR is trading at a premium to the group.The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 35% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Palantir Technologies Inc. (PLTR): Free Stock Analysis Report To read this article on Zacks.com click here.