Palantir Technologies Inc (PLTR)

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Earnings Preview: Palantir Technologies Inc. (NYSE: PLTR)
By: 24/7 Wall St. | August 4, 2022

• Here are previews of four earnings reports due out first thing Monday morning.

Palantir

Over the past 12 months, shares of Palantir Technologies Inc. (NYSE: PLTR) have declined by almost 50%. Since posting a 52-week high in mid-September, shares have declined by about 61%. The tech sector is down about 4.3% over the past 12 months, and the software industry is lower by about 7.1%. Between early May and late July, Palantir stock traded below its September 2020 IPO price of $10 a share. Palantir simply has not walked the talk, and what growth it has been able to show has in some part come from companies it has invested in.

Of 14 analysts covering the stock, just four have a Buy rating and seven have a Hold rating. At a share price of around $11.20, the upside potential based on a median price target of $12.00 is 7.1%. At the high price target of $20.00, the potential upside is almost 79%.

The consensus second-quarter revenue estimate is $471.72 million, up 5.7% sequentially and by 25.6% year over year. Adjusted EPS are forecast at $0.03, up 57.1% sequentially but 25% lower year over year. For full fiscal 2022, estimates call for EPS of $0.16, up nearly 25%, on sales of $1.98 billion, up 28.3%.

The stock trades at 69.1 times expected 2022 EPS, 47.2 times estimated 2023 earnings of $0.24 and 33.8 times estimated 2024 earnings of $0.33 per share. Palantir stock’s 52-week range is $6.44 to $29.29, and the company does not pay a dividend. The total shareholder return for the past year is negative 49.6%.

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