Palantir Earnings Preview: PLTR advances 6% ahead of quarterly results

Palantir will deliver Q1 results after Monday's close. Wall Street expects earnings of $0.08 per share. Revenue is targeted to arrive at $617.6 million. US corporate customer growth and revenue will receive most focus. Palantir stock is widely expected to best Wall Street expectations when it posts first-quarter results after the close on Monday, May 6. That is why the stock has garnered a 6% increase in value at this week’s session open.

stock has risen more than 6% at the time of writing to $24.80 as the NASDAQ and S&P 500 both gain 0.6%. It’s a big week for earnings, and much of Wall Street is poised for a flurry of quarterly reports from the likes of smaller growth stocks like Rivian , Coupang , Uber Technologies , AirBNB , Affirm , Roblox and DataDog . Palantir stock news Wall Street consensus has Palantir earning $0.08 per adjusted share for Q1 on revenue of $617.6 million.

. Some analysts have also complained about “lumpy” revenue from Palantir’s often long-term contracts with government clients. In March, Palantir signed a $178 million deal with the US Army as part of the creation of a new targeting system. AI stocks FAQs What is artificial intelligence? First and foremost, artificial intelligence is an academic discipline that seeks to recreate the cognitive functions, logical understanding, perceptions and pattern recognition of humans in machines.

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