Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Accenture PLC (ACN) - free report >>
Booz Allen Hamilton Holding Corporation (BAH) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Accenture PLC (ACN) - free report >>
Booz Allen Hamilton Holding Corporation (BAH) - free report >>
Image: Bigstock
What's in the Offing for Palantir (PLTR) in Q1 Earnings?
Palantir Technologies Inc. (PLTR - Free Report) is slated to report its first-quarter 2023 results on May 8, after the bell.
The company’s earnings surprise history has not been impressive. Earnings lagged the Zacks Consensus Estimate in three of the trailing four quarters and surpassed once, delivering a negative earnings surprise of 50% on average.
Palantir Technologies Inc. Price and EPS Surprise
Palantir Technologies Inc. price-eps-surprise | Palantir Technologies Inc. Quote
Q1 Expectations
The Zacks Consensus Estimate for revenues is pegged at $504.8 million, indicating 13.1% 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 4 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 #2.
You can see the complete list of today’s Zacks #1 Rank stocks here.
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:
Accenture plc (ACN - Free Report) has an Earnings ESP of +0.37% and a Zacks Rank of 2.
Accenture has an expected earnings growth rate of 8% for fiscal 2023. ACN has a trailing four-quarter earnings surprise of 3.3% on average.
Booz Allen Hamilton (BAH - Free Report) currently has an Earnings ESP of +2.85% and a Zacks Rank of 3.
Booz Allen has an expected earnings growth rate of 5.9% for fiscal 2023. BAH has a trailing four-quarter earnings surprise of 8.7% on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.