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Palantir Q2 Preview: Be Cautious And Trim Profits
I Say A Small Beat on Both In the last 11 quarters, Palantir has beaten EPS estimates 7times and revenue estimates 11 times. While the revenue streak sounds impressive, the beats have ranged between 0.27% and 7%, which suggests analysts already have a firm grasp of reality when it comes to the company's ability to sell. The EPS beats have been by a much wider margin ranging from -45% to as high as 145%. This tells me the company's profit margin and operational capabilities still have an element of surprise in them, in addition to the law of small numbers . This quarter's EPS could be a different story however, given that Palantir has already committed to each quarter in 2023 being profitable. I expect a small beat on revenue given the momentum in new products like AIP and a
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