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Palantir Technologies Earnings Preview

Updated: 03-11-2024, 01.18 PM

Palantir Technologies, Inc. (NYSE:PLTR) has positioned itself uniquely in the AI landscape, leveraging its enterprise platformsGotham, Foundry, Apollo, and the new AIPto deploy production-ready AI solutions for government and commercial clients. Unlike many competitors focused on prototype development, Palantir specializes in real-world AI integration, tackling complex data challenges for mission-critical applications.

Earnings Preview for Palantir

Palantir’s previous quarter exceeded both company guidance and Wall Street’s expectations, with revenue of $678 million, a 27% increase year-over-year (YoY). For the upcoming report, analysts anticipate revenue of around $699 million, representing a 25% YoY increase, as the company continues expanding in AI-powered solutions and defense sectors. Earnings per share are projected at $0.09, reflecting Palantir’s consistent profitability trajectory.

With a P/S ratio around 40x, Palantir’s stock has surged this year, fueled by AI momentum. To sustain this valuation, investors will be closely monitoring updates on Palantir’s platforms, particularly Apollo and AIP, as well as new government and commercial partnerships. The earnings report will need to affirm continued demand across AI and government sectors, underscoring Palantir’s role as a high-growth leader in real-world AI deployments.

This article first appeared on GuruFocus.

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