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We expect a significant year-over-year improvement in the company’s top line in the to-be-reported quarter, driven by healthy business from existing, as well as new customers, strengthening both Government and Commercial segments. The current Zacks Consensus Estimate for total revenues stands at $603.5 million, indicating 18.7% growth from the year-ago reported quarter.
Going by segments, the consensus estimate for Government revenues is pegged at $332 million, indicating 13.3% year-over-year growth. Palantir’s continued work in health care and defense is likely to have significantly benefited the Government segment in the quarter.
The consensus mark for Commercial revenues is pegged at $272 million, indicating 26.5% year-over-year growth. These revenues are likely to have benefited from contributions from new, as well as existing customers and expansions. The company has witnessed growth across multiple industries.
PLTR currently carries a Zacks Rank #3 (Hold).
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%.
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Will Top-Line Improvement Aid Palantir's (PLTR) Q4 Earnings?
Palantir Technologies Inc. (PLTR - Free Report) will report its fourth-quarter 2023 results on Feb 5, after the bell.
We expect a significant year-over-year improvement in the company’s top line in the to-be-reported quarter, driven by healthy business from existing, as well as new customers, strengthening both Government and Commercial segments. The current Zacks Consensus Estimate for total revenues stands at $603.5 million, indicating 18.7% growth from the year-ago reported quarter.
Palantir Technologies Inc. Revenue (TTM)
Palantir Technologies Inc. revenue-ttm | Palantir Technologies Inc. Quote
Going by segments, the consensus estimate for Government revenues is pegged at $332 million, indicating 13.3% year-over-year growth. Palantir’s continued work in health care and defense is likely to have significantly benefited the Government segment in the quarter.
The consensus mark for Commercial revenues is pegged at $272 million, indicating 26.5% year-over-year growth. These revenues are likely to have benefited from contributions from new, as well as existing customers and expansions. The company has witnessed growth across multiple industries.
PLTR currently carries a Zacks Rank #3 (Hold).
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%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.