Will Palantir exceed expectations in its revenues?

Palantir Technologies Prepares for Earnings Reports

Data analytics company Palantir Technologies (NASDAQ:PLTR) will announce its results this Monday after the stock market closes. Here’s what investors need to know.

Palantir Technologies reported revenues of $1.00 billion, exceeding analysts' revenue expectations by 6.8% in the last quarter. This represents a 48% increase compared to the same period last year. The company had a remarkable quarter by surpassing analysts’ forecasts.

In this quarter, analysts expect that Palantir Technologies' revenue will increase by 50.7% year-over-year, potentially reaching $1.09 billion. Adjusted earnings per share are anticipated to be $0.17.

Over the past 30 days, analysts following the company have generally revised their forecasts, suggesting that the company will continue its strong performance. Palantir Technologies has a history of exceeding Wall Street's expectations over the past two years, consistently surpassing revenue estimates by an average of 3.4% each time.

Some competitors in the data and analytics software segment have reported their third-quarter results, providing clues about what we can expect. Strategy exceeded analysts’ expectations by 9.1%, achieving a revenue growth of 10.9% for the year; while Confluent fell short of expectations by 2.1%, with a revenue increase of 19.3%. Following these results, Strategy shares rose by 6%, while Confluent shares increased by 7.8%.

Investors in the data and analytics software segment are adopting a cautious approach ahead of the results, with stock prices remaining stable for the past month. During this period, Palantir Technologies shares have risen by 16.5%, and the analysts’ average price target is $154.79. The current share price is at $201.62.

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