We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in the Offing for Palantir (PLTR) in Q4 Earnings?
Read MoreHide Full Article
Palantir Technologies Inc. (PLTR - Free Report) is slated to report fourth-quarter 2020 results on Feb 16, before the bell. The company posted an earnings surprise of 125% in the third quarter of 2020.
Q4 Expectations
The Zacks Consensus Estimate for revenues is pegged at $300.4 million, indicating a sequential growth of 3.8%. The top line is expected to have benefited from strength in both government and commercial segments.
While the commercial segment is likely to have benefited from increased contributions from both existing and new customers, the government segment’s revenues are expected to have been driven by strength in U.S. government business.
The consensus mark for earnings is pegged at 2 cents, indicating a sharp decline from 9 cents reported in the third quarter. Increasing expenses are likely to have weighed on the bottom line as the company continues to invest in growing headcount and channel partnerships and in research and development.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Palantir this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Palantir has an Earnings ESP of -50.00% and a Zacks Rank #3.
Here are a few stocks that investors can consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Black Knight , which has an Earnings ESP of +6.31% and a Zacks Rank #2.
TransUnion (TRU - Free Report) , which has an Earnings ESP of +1.55% and a Zacks Rank of 3.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Image: Bigstock
What's in the Offing for Palantir (PLTR) in Q4 Earnings?
Palantir Technologies Inc. (PLTR - Free Report) is slated to report fourth-quarter 2020 results on Feb 16, before the bell. The company posted an earnings surprise of 125% in the third quarter of 2020.
Q4 Expectations
The Zacks Consensus Estimate for revenues is pegged at $300.4 million, indicating a sequential growth of 3.8%. The top line is expected to have benefited from strength in both government and commercial segments.
While the commercial segment is likely to have benefited from increased contributions from both existing and new customers, the government segment’s revenues are expected to have been driven by strength in U.S. government business.
The consensus mark for earnings is pegged at 2 cents, indicating a sharp decline from 9 cents reported in the third quarter. Increasing expenses are likely to have weighed on the bottom line as the company continues to invest in growing headcount and channel partnerships and in research and development.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Palantir this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Palantir has an Earnings ESP of -50.00% and a Zacks Rank #3.
Palantir Technologies Inc. Price and EPS Surprise
Palantir Technologies Inc. price-eps-surprise | Palantir Technologies Inc. Quote
Stocks to Consider
Here are a few stocks that investors can consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Rocket Companies (RKT - Free Report) , which has an Earnings ESP of +3.12% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Black Knight , which has an Earnings ESP of +6.31% and a Zacks Rank #2.
TransUnion (TRU - Free Report) , which has an Earnings ESP of +1.55% and a Zacks Rank of 3.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>