Palantir (PLTR) Stock Pops Ahead of Earnings

  • Palantir (PLTR) stock is climbing ahead of the company’s first-quarter earnings report.
  • The company will release its Q1 results after markets close today.
  • Wall Street is looking for EPS of 4 cents on revenue of $504.8 million

Palantir (NYSE:PLTR) stock is a hot topic on Monday as investors prepare for the company to report earnings after today’s closing bell.

Palantir will release its earnings report for the first quarter of 2023 after markets close today. The company will follow that earnings release with a conference call scheduled for 5:00 p.m. Eastern. This has some traders wondering what they can expect from the big data analytics company in its upcoming earnings report.

Wall Street expects EPS to come in at 4 cents alongside revenue of $504.8 million. If Palantir is able to match or beat out these estimates, it will be a win for PLTR stock shareholders. These analyst estimates represent a 100% growth in EPS year-over-year (YOY) as well as a 13.1% gain in revenue from Q1 2022.

What to Expect From PLTR Stock

Investors are likely to see strong movement from PLTR stock after hours today and during pre-market trading on Tuesday. Whether that movement will be positive or negative depends on how well the company performs in its Q1 report.

Investors will also note that some 1.5 million shares of PLTR stock have changed hands as of this writing. That’s still quite a ways off from its daily average trading volume of about 38 million shares.

PLTR stock is up 4.6% as of Monday morning.


Originally published on InvestorPlace.com

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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