Live Earnings: Will Palantir (Nasdaq: PLTR) Blow Out Earnings Tonight?
Live Updates Live Coverage Updates appear automatically as they are published. Key Areas of Discussion on Tonight's Earnings Call 2:59 pm by Eric Bleeker A few areas to watch for on tonight’s earnings call include: U.S. Commercial Growth: Last quarter, Palantir grew this segment at a 64% rate. U.S. commercial revenue has come in ahead of […] The post Live Earnings: Will Palantir (Nasdaq: PLTR) Blow Out Earnings Tonight? appeared first on 24/7 Wall St..
Live Updates
Key Areas of Discussion on Tonight's Earnings Call
A few areas to watch for on tonight’s earnings call include:
- U.S. Commercial Growth: Last quarter, Palantir grew this segment at a 64% rate. U.S. commercial revenue has come in ahead of global commercial revenue in recent quarters. With many U.S. companies adopting AI more aggressively than global peers, this segment could serve as a ‘preview’ of Palantir’s future growth potential.
- U.S. Commercial Bookings: Beyond revenue, investors watch the bookings Palantir records to gauge where revenue could reach in the future. Last quarter, the company surprised Wall Street with $803 million worth of U.S. commercial deals, which were up 134% from the prior year.
It’s almost time for what’s quickly becoming earnings season’s must-watch name: Palantir (Nasdaq: PLTR). I’m sure plenty of 24/7 Wall St. readers are waiting for this report. After all, we called the stock our ’10X Moonshot’ stock in the ‘Discover the Next NVIDIA‘ report we published last year.
Certainly, that call has worked out better than we could have imagined. Palantir is firing on all cylinders (which we expected), but also is now a whopping 3.5X more expensive than the next two most-expensive software stocks in the market, Cloudflare (Nasdaq: CRWD) and Cloudflare (NYSE: NET).
(We did not expect the stock to get that much more expensive than other peers!)
So, we have a stock operating at incredibly high levels and a significant ‘narrative’ behind it. That is to say, political fears that are weighing on many other stocks are a tailwind to Palantir. As the Pentagon slims down, it often looks to Palantir to replace costs from legacy contractors. In addition, the company has seen rapid acceleration in its commercial revenue in recent quarters.
We have been tracking Palantir’s day headed into earnings, but with so many Wall St. 24/7 readers invested in this name, we’re creating a dedicated blog for tracking every element of this all-important earnings release!
So sit back, this blog will update you with all the need-to-know information you need to know as Palantir earnings release after tonight’s market close.
What to Watch for Tonight
Here are the key numbers to watch for headed into tonight’s earnings. All numbers are as of Friday’s close (May 2nd):
- Forward P/E: 211.4X
- Price/Sales: 78X
- Expected Revenue: $862 Million
- EPS: $.13
Looking ahead, full-year revenue is expected to land at:
- FY25 Revenue: $3.741 to $3.757
Palantir has been one of the most successful investments in the market over the past couple of years. While the company saw its share price plummet in early April along with the general market, it has rebounded strongly to all-time highs.
The post Live Earnings: Will Palantir (Nasdaq: PLTR) Blow Out Earnings Tonight? appeared first on 24/7 Wall St..
