Palantir (PLTR) Stock Pops Ahead of Earnings

InvestorPlace2023-05-08

Palantir (PLTR) stock is climbing ahead of its earnings report.PLTR will release its Q1 results after markets close today.Wall Street is looking for EPS of 4 cents on revenue of $504.8 million.Source:...

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NewbietoInvest
2023-05-09
NewbietoInvest
Already up in pre-trading, but will probably drop when people cashes out the profit.
Troytan
2023-05-09
Troytan
Share your opinion about this news…
D.Billions
2023-05-08
D.Billions
Rubbish only go down

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The company will follow that earnings release with a conference call scheduled for 5:00 p.m. Eastern Time today.This has some traders wondering what they can expect from the big data analytics company in its upcoming earnings report. Wall Street is expecting earnings per share to come in at 4 cents alongside revenue of $504.8 million.If Palantir is able to match or beat out these estimates it would be a win for PLTR shareholders. These analysts’ estimates represent a 100% growth in EPS year-over-year as well as a 13.1% gain in revenue from the first quarter of 2022.What To Expect From PLTR StockInvestors are likely to see strong movement from PLTR stock after hours today and during pre-market trading on Tuesday. Whether that movement will be positive or negative depends on how well the company performs in its Q1 earnings report.Investors will also note that some 1.5 million shares of PLTR stock have changed hands as of this writing. 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