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- Data analytics software company Palantir (NYSE:PLTR) is scheduled to announce Q2 earnings results on Monday, August 7th, after market close.
- The consensus EPS estimate is $0.05 and the consensus revenue estimate is $533.57 million.
- Over the last 2 years, PLTR has beaten EPS estimates 50% of the time and has beaten revenue estimates 100% of the time.
- Over the last 3 months, EPS estimates have seen 5 upward revisions and 1 downward. Revenue estimates have seen 2 upward revisions and 7 downward.
- The company on May 8 reported Q1 non-GAAP EPS of $0.05, beating estimates by just 1 cent. Revenue of $525.19 million was up 17.8% from last year and ahead of consensus by $19.25 million.
- PLTR has a Quant rating of “STRONG BUY“, with a 4.97 rating score.
- PLTR has an industry ranking of 2 out of 204 among application software stocks, as per SA’s Quant ranking.
- Wall Street and Seeking Alpha analysts rate the PLTR stock “HOLD“.
- PLTR stock fell 65.4% in 2022, while the benchmark S&P 500 Index slipped nearly 20% for the year.
- Stock has nearly tripled in value so far this year as of Thursday’s close.
Recent analyses on PLTR:
“PLTR has been one of the market’s biggest winners this year and appears to have incredible stock price momentum to soar ever higher. However, when taking our eyes off of the scoreboard and looking at the playing field, the long-term outlook looks far less exciting. Yes, PLTR is growing at a solid clip. However, its topline revenue growth has been decelerating since it went public in 2020, its economies of scale are very weak, its international business actually shrunk last quarter and is experiencing anemic growth overall, management has yet to provide quantifiable guidance for how artificial intelligence is going to reaccelerate their revenue growth and seems to have abandoned their original 2025 revenue guidance, and the stock’s valuation multiples appear to be way too high compared to analyst consensus estimates and the business’ recent growth rates,” writes Samuel Smith, leader of the “High Yield Investing” Investing Group, in an August 4 report.
“Palantir’s shares are trading at over 21-times the company’s trailing twelve-month sales. While this is considered high on a standalone basis, the chart below would reveal that the Price-to-Sales number is significantly lower than its prior 3-year highs. This leads me to believe that the stock is still attractively valued at current levels. With Palantir’s shares trading at reasonable levels, and the company set to beat the Street’s estimates, this may be an opportune time for investors to accumulate the stock while it’s still discounted,” writes SA contributor Business Quant in an August 2 report.
“While I still believe that Palantir has strong potential in the artificial intelligence market and could combine its core Foundry services with AI-supported predictive analytics — which is a growing market — shares of Palantir have already seen a major re-rating ahead of the Q2 earnings report… which leads me to believe that most of the positive news that could come out of it are likely already reflected in Palantir’s valuation. As much as I like Palantir’s long-term potential in the AI market, I believe investors may want to think about selling into the strength and securing profits ahead of the company’s Q2’23 earnings report,” writes SA contributor The Asian Investor in an August 2 report.
Can Palantir Deliver On AI This Quarter? What We’re Looking For by SA contributor Ironside Research.
Palantir May Beat Consensus Again by Danil Sereda, leader of the Investing Group “Beyond the Wall Investing” on Seeking Alpha.