Palantir Technologies Inc. (PLTR - Free Report) is slated to report second-quarter 2023 results on Aug 7, after the closing bell.
The company’s earnings surprise history has not been impressive. Earnings lagged the Zacks Consensus Estimate in two of the trailing four quarters (two beat), delivering a negative earnings surprise of 31.3%, on average.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $530.2 million, indicating 12.1% 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 gained from increased contributions from existing as well as new customers.
The consensus mark for earnings is pegged at 5 cents per share, suggesting year-over-year surge of 600%. Revenue growth and better operating performance are likely to have positively impacted the bottom line in the quarter under discussion.
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 are 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 couple of 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 earnings this season.
Everi Holdings (EVRI - Free Report) currently has an Earnings ESP of +2.07 and a Zacks Rank of 2. The company is slated to declare second-quarter results on Aug 9. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the bottom line is pegged at 24 cents per share, down 27.3% from the year-ago reported figure. The consensus mark for revenues is pegged at $207.65 million, up 5.3% from the prior-year reported figure. EVRI has an average earnings surprise of 26.8% in the previous four quarters.
DLocal Limited (DLO - Free Report) currently has an Earnings ESP of +12.50% and a Zacks Rank of 2. The company is scheduled to post second-quarter numbers on Aug 15.
DLO has an expected earnings growth rate of 54.1% for fiscal 2023.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Palantir Technologies Inc. (PLTR - Free Report) is slated to report second-quarter 2023 results on Aug 7, after the closing bell.
The company’s earnings surprise history has not been impressive. Earnings lagged the Zacks Consensus Estimate in two of the trailing four quarters (two beat), delivering a negative earnings surprise of 31.3%, on average.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $530.2 million, indicating 12.1% 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 gained from increased contributions from existing as well as new customers.
The consensus mark for earnings is pegged at 5 cents per share, suggesting year-over-year surge of 600%. Revenue growth and better operating performance are likely to have positively impacted the bottom line in the quarter under discussion.
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 are 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 couple of 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 earnings this season.
Everi Holdings (EVRI - Free Report) currently has an Earnings ESP of +2.07 and a Zacks Rank of 2. The company is slated to declare second-quarter results on Aug 9. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the bottom line is pegged at 24 cents per share, down 27.3% from the year-ago reported figure. The consensus mark for revenues is pegged at $207.65 million, up 5.3% from the prior-year reported figure. EVRI has an average earnings surprise of 26.8% in the previous four quarters.
DLocal Limited (DLO - Free Report) currently has an Earnings ESP of +12.50% and a Zacks Rank of 2. The company is scheduled to post second-quarter numbers on Aug 15.
DLO has an expected earnings growth rate of 54.1% for fiscal 2023.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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