A Preview Of Palantir Technologies's Earnings
Portfolio Pulse from Benzinga Insights
Palantir Technologies (NYSE:PLTR) is scheduled to release its quarterly earnings report on February 5, 2024, with an estimated EPS of $0.07. Historical data shows a positive correlation between earnings performance and stock price movement. Last quarter, PLTR beat the EPS estimate by $0.01, leading to a 5.12% increase in stock price. Over the past year, PLTR shares have surged by 97.16%, indicating strong investor confidence ahead of the upcoming earnings announcement.
February 02, 2024 | 3:01 pm
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POSITIVE IMPACT
Palantir Technologies is expected to report an EPS of $0.07 for the upcoming quarter. Historical performance indicates a potential positive stock price movement, especially if earnings beat expectations. With a 97.16% increase in stock price over the last year, investor sentiment appears strong.
Given Palantir's history of beating EPS estimates and the subsequent positive stock price reactions, there's a high likelihood of a similar outcome if the trend continues. The 97.16% year-over-year stock increase further supports investor confidence, making this earnings report particularly significant.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100