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Exploring Analyst Estimates for Palantir Technologies (PLTR) Q3 Earnings, Beyond Revenue and EPS
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In its upcoming report, Palantir Technologies Inc. (PLTR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.41 per share, reflecting an increase of 95.2% compared to the same period last year. Revenues are forecasted to be $2.17 billion, representing a year-over-year increase of 83.9%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Palantir Technologies metrics that Wall Street analysts commonly model and monitor.
The consensus among analysts is that 'Revenue- Government' will reach $1.04 billion. The estimate points to a change of +63.9% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Commercial' reaching $1.13 billion. The estimate points to a change of +106.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Customers' should come in at 1,103 . Compared to the present estimate, the company reported 911 in the same quarter last year.
Over the past month, shares of Palantir Technologies have returned +6.3% versus the Zacks S&P 500 composite's -0.2% change. Currently, PLTR carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Exploring Analyst Estimates for Palantir Technologies (PLTR) Q3 Earnings, Beyond Revenue and EPS
In its upcoming report, Palantir Technologies Inc. (PLTR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.41 per share, reflecting an increase of 95.2% compared to the same period last year. Revenues are forecasted to be $2.17 billion, representing a year-over-year increase of 83.9%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Palantir Technologies metrics that Wall Street analysts commonly model and monitor.
The consensus among analysts is that 'Revenue- Government' will reach $1.04 billion. The estimate points to a change of +63.9% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Commercial' reaching $1.13 billion. The estimate points to a change of +106.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Customers' should come in at 1,103 . Compared to the present estimate, the company reported 911 in the same quarter last year.
View all Key Company Metrics for Palantir Technologies here>>>Over the past month, shares of Palantir Technologies have returned +6.3% versus the Zacks S&P 500 composite's -0.2% change. Currently, PLTR carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .