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Palantir Technologies Inc. (PLTR) posted quarterly earnings of $0.01 per share, missing Zacks' consensus estimate of $0.02 per share. That compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring factors. This quarterly report represents a profit surprise of -50%. Last quarter, this company is expected to post a profit of $0.03 per share while producing a loss of $0.01, delivering a surprise of -133.33%. In the last quarter, the company has not been able to exceed the consensus EPS estimate.
Palantir Technologies Inc., part of the Zacks Technology Services business, reported revenue of $477.88 million for the quarter ending September 2022, beating the Zacks Consensus Estimate by 0.70%. That compares to revenue of $392.15 million a year ago. The company has exceeded consensus earnings estimates four times in the past four quarters. Support for stock price movements is based on recent figures and future earnings forecasts based on management statements and calls received.
When Palantir Technologies Inc. The market has been successful so far this year, the question on the minds of investors is: what's next for the stock?
There is no easy answer to this key question, but one reliable factor that can help investors answer it is the company's financial outlook. This includes not only the current contract expectations for the next quarter but also how those expectations have changed recently.
Empirical research shows a strong relationship between short-term stock movements and financial planning trends and trends. Investors can follow these surveys on their own or rely on a proven benchmarking tool like Zacks Rank, which has an impressive track record of managing the strength of financial plan evaluations.
Prior to the release of earnings, performance and strategic adjustments for Palantir Technologies Inc. were not good. Although the magnitude and direction of the estimate may change following the release of the company's financial report, the current situation translates into Zack's No. 5 ranking (selling power) for products. Therefore, it is expected that the product will make the market ineffective in the near future. You can see the full list of today's Zacks #1 stocks (Strong Buy) here. It will be interesting to see how the plans for the next few quarters and the current fiscal year change in the days ahead. Current EPS estimates are $0.02 and $507.19 million in revenue for the next quarter and $0.05 and $1.9 billion in revenue for the current fiscal year.
#pltr #palantir #stocks
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice and it should not be taken as investment advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
SOURCES: https://finance.yahoo.com/news/palantir-reaffirms-fy22-revenue-guidance-120000858.html
https://finance.yahoo.com/news/palantir-technologies-inc-pltr-q3-131501560.html
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