Palantir Technologies Inc. (PLTR - Free Report) is slated to report fourth-quarter 2021 results on Feb 17, before the bell.
The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and matched the same on the other two occasions, delivering an earnings surprise of 70.8%, on average.
Q4 Expectations
The Zacks Consensus Estimate for revenues is pegged at $418.1 million, indicating 29.8% year-over-year growth. The top line is expected to have benefited from strength in both the government and commercial segments. Both segments are likely to have benefited from increased contributions from existing as well as new customers.
The consensus mark for earnings is pegged at 4 cents per share, indicating 42.9% year-over-year decline. Increase in expenses toward product development and sales is likely to have weighed on the bottom line in the quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Palantir this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Palantir has an Earnings ESP of 0.00% and a Zacks Rank #2.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their fourth-quarter 2021 earnings:
Clear Channel Outdoor Holdings (CCO - Free Report) has an Earnings ESP of +23.91% and a Zacks Rank #2. The company will release earnings numbers on Feb 24. You can see the complete list of today’s Zacks #1 Rank stocks here.
Clear Channel has an expected earnings growth rate of 91.4% for the current year. The company has a trailing four-quarter earnings surprise of 8.2%, on average.
Clear Channel’s shares have surged 58.4% in the past year.
Clean Harbors (CLH - Free Report) has an Earnings ESP of +7.20% and a Zacks Rank #2. The company will release earnings numbers on Feb 23.
Clean Harbors has an expected earnings growth rate of 3.4% for the current year. The company has a trailing four-quarter earnings surprise of 50.5%, on average.
Clean Harbors’ shares have surged 11.7% in the past year.
Opendoor Technologies (OPEN - Free Report) has an Earnings ESP of +1.54% and a Zacks Rank #2. The company will release earnings numbers on Feb 24.
Opendoor has an expected earnings growth rate of 31.9% for the current year. The company has a trailing four-quarter earnings surprise of 47.9%, on average.
Opendoor’s long-term earnings growth rate is projected at 11.1%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Palantir Technologies Inc. (PLTR - Free Report) is slated to report fourth-quarter 2021 results on Feb 17, before the bell.
The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and matched the same on the other two occasions, delivering an earnings surprise of 70.8%, on average.
Q4 Expectations
The Zacks Consensus Estimate for revenues is pegged at $418.1 million, indicating 29.8% year-over-year growth. The top line is expected to have benefited from strength in both the government and commercial segments. Both segments are likely to have benefited from increased contributions from existing as well as new customers.
The consensus mark for earnings is pegged at 4 cents per share, indicating 42.9% year-over-year decline. Increase in expenses toward product development and sales is likely to have weighed on the bottom line in the quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Palantir this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Palantir has an Earnings ESP of 0.00% and a Zacks Rank #2.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their fourth-quarter 2021 earnings:
Clear Channel Outdoor Holdings (CCO - Free Report) has an Earnings ESP of +23.91% and a Zacks Rank #2. The company will release earnings numbers on Feb 24. You can see the complete list of today’s Zacks #1 Rank stocks here.
Clear Channel has an expected earnings growth rate of 91.4% for the current year. The company has a trailing four-quarter earnings surprise of 8.2%, on average.
Clear Channel’s shares have surged 58.4% in the past year.
Clean Harbors (CLH - Free Report) has an Earnings ESP of +7.20% and a Zacks Rank #2. The company will release earnings numbers on Feb 23.
Clean Harbors has an expected earnings growth rate of 3.4% for the current year. The company has a trailing four-quarter earnings surprise of 50.5%, on average.
Clean Harbors’ shares have surged 11.7% in the past year.
Opendoor Technologies (OPEN - Free Report) has an Earnings ESP of +1.54% and a Zacks Rank #2. The company will release earnings numbers on Feb 24.
Opendoor has an expected earnings growth rate of 31.9% for the current year. The company has a trailing four-quarter earnings surprise of 47.9%, on average.
Opendoor’s long-term earnings growth rate is projected at 11.1%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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