Palantir Technologies Inc. (PLTR - Free Report) is slated to report its second-quarter 2022 results on Aug 8, before the bell.
The company’s earnings surprise history has not been impressive. Earnings lagged the Zacks Consensus Estimate in two of the trailing four quarters, matched once and beat once, delivering an earnings surprise of -16.7%, on average.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $470 million, indicating 25.1% 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 3 cents per share, indicating a year-over-year decline of 25%. An increase in expense due to continued investment across the business is likely to have weighed on the bottom line in the quarter.
What Our Model Says
Our proven model predicts 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. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Cross Country has an Earnings ESP of +7.14% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks That Warrant a Look
Here are a couple of stocks from the broader Zacks Business Services Sector that investors may consider, as our model shows that these too have the right combination of elements to beat on earnings this season:
Kelly Services, Inc. (KELYA - Free Report) has an Earnings ESP of +6.99% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Kelly Serviceshas an expected earnings growth rate of 21.2% for the current year. KELYA has an expected revenue growth rate of 6.2% for the current year.
Vivid Seats Inc. (SEAT - Free Report) has an Earnings ESP of +45.46% and is Zacks #3 Ranked.
SEAThas an expected earnings growth rate of 72% for the current year. Vivid Seats also has an expected revenue growth rate of 22.9% for the current year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Palantir Technologies Inc. (PLTR - Free Report) is slated to report its second-quarter 2022 results on Aug 8, before the bell.
The company’s earnings surprise history has not been impressive. Earnings lagged the Zacks Consensus Estimate in two of the trailing four quarters, matched once and beat once, delivering an earnings surprise of -16.7%, on average.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $470 million, indicating 25.1% 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 3 cents per share, indicating a year-over-year decline of 25%. An increase in expense due to continued investment across the business is likely to have weighed on the bottom line in the quarter.
What Our Model Says
Our proven model predicts 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. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Cross Country has an Earnings ESP of +7.14% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks That Warrant a Look
Here are a couple of stocks from the broader Zacks Business Services Sector that investors may consider, as our model shows that these too have the right combination of elements to beat on earnings this season:
Kelly Services, Inc. (KELYA - Free Report) has an Earnings ESP of +6.99% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Kelly Serviceshas an expected earnings growth rate of 21.2% for the current year. KELYA has an expected revenue growth rate of 6.2% for the current year.
Vivid Seats Inc. (SEAT - Free Report) has an Earnings ESP of +45.46% and is Zacks #3 Ranked.
SEAThas an expected earnings growth rate of 72% for the current year. Vivid Seats also has an expected revenue growth rate of 22.9% for the current year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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