Palantir Technologies Inc PLTR.OQ reported quarterly adjusted earnings of 14 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 10 cents to 12 cents per share.
Revenue rose 36% to $827.52 million from a year ago; analysts expected $775.91 million.
Palantir Technologies Inc's reported EPS for the quarter was 3 cents.
The company reported quarterly net income of $79.01 million.
Palantir Technologies Inc shares had risen by 9.1% this quarter.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 14.1% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 13 "hold" and 5 "sell" or "strong sell."
The average consensus recommendation for the software peer group is also "hold"
Wall Street's median 12-month price target for Palantir Technologies Inc is $44.00
This summary was machine generated from LSEG data February 3 at 10:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Dec. 31 2024 | 0.11 | 0.14 | Beat |
Sep. 30 2024 | 0.09 | 0.10 | Beat |
Jun. 30 2024 | 0.08 | 0.09 | Beat |
Mar. 31 2024 | 0.08 | 0.08 | Met |