Palantir Technologies Inc. (PLTR - Free Report) is slated to report its fourth-quarter 2023 results on Feb 5, after the bell.
The company’s earnings surprise history has been impressive. Earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matched once, delivering a surprise of 18.8% on average.
Q4 Expectations
The Zacks Consensus Estimate for revenues is pegged at $603.5 million, indicating 18.7% 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 8 cents per share, indicating year-over-year growth of 100%. Revenue growth and better operating performance are likely to have positively impacted 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 are reported with our Earnings ESP Filter.
Palantir has an Earnings ESP of 0.00% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks That Warrant a Look
Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
Gartner (IT - Free Report) currently has an Earnings ESP of +0.81% and a Zacks Rank #1. The company will declare its fourth quarter 2023 results on Feb 6.
The Zacks Consensus Estimate for IT’s revenues is pegged at $1.59 billion, indicating growth of 5.4%. For earnings, the consensus mark stands at $2.78, 24.9% lower than the year-ago actual figure. The company beat the Zacks Consensus Estimate in all the past four quarters, with an average surprise of 34.4%.
Fiserv (FI - Free Report) currently carries an Earnings ESP of +0.05% and a Zacks Rank #2. The company will declare its fourth quarter results on Feb 6.
The Zacks Consensus Estimate for FI’s revenues is pegged at $4.69 billion, indicating year-over-year growth of 7.5%. For earnings, the consensus mark is pegged at $2.15, 12.6% higher than the year-ago quarter’s actual figure. The company beat the Zacks Consensus Estimate in two of the past four quarters and matched on the other two instances, with an average surprise of 0.6%.
Rollins (ROL - Free Report) currently carries an Earnings ESP of +2.44% and a Zacks Rank #3. The company will declare its fourth quarter results on Feb 14.
The Zacks Consensus Estimate for ROL’s fourth-quarter revenues is pegged at $750.1 million, indicating growth of 13.4%. For earnings, the consensus mark is pegged at 21 cents, 23.5% higher than the year-ago figure. The company beat the Zacks Consensus Estimate in three of the past four quarters and matched on the other instance. It has an average surprise of 7.2%.
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 its fourth-quarter 2023 results on Feb 5, after the bell.
The company’s earnings surprise history has been impressive. Earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matched once, delivering a surprise of 18.8% on average.
Q4 Expectations
The Zacks Consensus Estimate for revenues is pegged at $603.5 million, indicating 18.7% 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 8 cents per share, indicating year-over-year growth of 100%. Revenue growth and better operating performance are likely to have positively impacted 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 are reported with our Earnings ESP Filter.
Palantir has an Earnings ESP of 0.00% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks That Warrant a Look
Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
Gartner (IT - Free Report) currently has an Earnings ESP of +0.81% and a Zacks Rank #1. The company will declare its fourth quarter 2023 results on Feb 6.
The Zacks Consensus Estimate for IT’s revenues is pegged at $1.59 billion, indicating growth of 5.4%. For earnings, the consensus mark stands at $2.78, 24.9% lower than the year-ago actual figure. The company beat the Zacks Consensus Estimate in all the past four quarters, with an average surprise of 34.4%.
Fiserv (FI - Free Report) currently carries an Earnings ESP of +0.05% and a Zacks Rank #2. The company will declare its fourth quarter results on Feb 6.
The Zacks Consensus Estimate for FI’s revenues is pegged at $4.69 billion, indicating year-over-year growth of 7.5%. For earnings, the consensus mark is pegged at $2.15, 12.6% higher than the year-ago quarter’s actual figure. The company beat the Zacks Consensus Estimate in two of the past four quarters and matched on the other two instances, with an average surprise of 0.6%.
Rollins (ROL - Free Report) currently carries an Earnings ESP of +2.44% and a Zacks Rank #3. The company will declare its fourth quarter results on Feb 14.
The Zacks Consensus Estimate for ROL’s fourth-quarter revenues is pegged at $750.1 million, indicating growth of 13.4%. For earnings, the consensus mark is pegged at 21 cents, 23.5% higher than the year-ago figure. The company beat the Zacks Consensus Estimate in three of the past four quarters and matched on the other instance. It has an average surprise of 7.2%.
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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