Palantir Technologies Inc (PLTR)

[DiscoverGold]

Earnings Preview: Palantir Technologies Inc. (NYSE: PLTR)
By: 24/7 Wall St. | February 10, 2023

• Here is a look at what to expect from two firms reporting earnings Monday afternoon.

Palantir Technologies

Over the past 12 months, shares of Palantir Technologies Inc. (NYSE: PLTR) have declined by nearly 43%. Like many other tech stocks, the shares have risen this year, up by nearly a quarter. Palantir’s unique analytics software for the government and commercial markets gives it a wide moat, but its price is steep. The company has to keep its costs under control, reduce its stock-based compensation expenses, and, most importantly, drum up new business.

Of 15 analysts covering the stock, just two rate the shares as a Buy, while eight have Hold ratings. At a recent share price of around $8.00, the stock trades right at its median price target. At the high price target of $15.00, the potential upside is 87.5%.

The consensus fourth-quarter revenue estimate is $504.84 million, which would be up 5.6% sequentially and 16.6% higher year over year. Adjusted EPS are forecast at $0.03, up by two cents compared to the prior quarter and by one cent year over year. For the full 2022 fiscal year, estimates call for EPS of $0.05, down 65.1%, on sales of $1.9 billion, up 23.4%.

The stock trades at about 175.1 times expected 2022 EPS, 49.2 times estimated 2023 earnings of $0.16 and 36.6 times estimated 2024 earnings of $0.22 per share. Its 52-week trading range is $5.84 to $14.86, and the company does not pay a dividend. The total shareholder return for the past year is negative 42.68%.

Read Full Story »»»

DiscoverGold