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, Crowdstrike (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.
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