$PLTR Earnings Call Announcements is Crucial (Potential $20)
Palantir will report its first earnings report since the IPO on Thursday Nov 12th.
Analysts expect the company to report $279.32M in revenue and $0.03 EPS.
Before it went public, Palantir guided Q3 revenue of $278-280M, up 46-47% Y/Y, and operating income of $60-62M.
For the year, PLTR forecast $1.05-1.06B in revenue (+41-43%) with operating income of $116-126M.
The company expected 2021 revenue growth above 30%.
Palantir shares are up 1.9% to $14.95 and have popped 39% in the past week on a potential tailwind from the Biden administration, which could lead to a cut in defense spending and send those clients towards lower-cost alternatives like Palantir software.
(Source: Seeking Alpha)
With the recent news of Palantir supporting not only the United States but the United Kingdoms as well in tracing COVID-19, along with Tracking COVID-19 vaccines for the DOD... Palantir continues to show its importance to the public along with attracting even more investors.
If Palantir exceeds earnings expectations this could cause the stock to continue to spike massively... potentially reaching $20.
But keep in mind, with the way the market has been reacting to earnings calls... don't be surprised with a minor pullback back.
Either Way... We are at a crucial pivot point for Palantir. If you truly believe in the company.. you know what you have...
Analysts expect the company to report $279.32M in revenue and $0.03 EPS.
Before it went public, Palantir guided Q3 revenue of $278-280M, up 46-47% Y/Y, and operating income of $60-62M.
For the year, PLTR forecast $1.05-1.06B in revenue (+41-43%) with operating income of $116-126M.
The company expected 2021 revenue growth above 30%.
Palantir shares are up 1.9% to $14.95 and have popped 39% in the past week on a potential tailwind from the Biden administration, which could lead to a cut in defense spending and send those clients towards lower-cost alternatives like Palantir software.
(Source: Seeking Alpha)
With the recent news of Palantir supporting not only the United States but the United Kingdoms as well in tracing COVID-19, along with Tracking COVID-19 vaccines for the DOD... Palantir continues to show its importance to the public along with attracting even more investors.
If Palantir exceeds earnings expectations this could cause the stock to continue to spike massively... potentially reaching $20.
But keep in mind, with the way the market has been reacting to earnings calls... don't be surprised with a minor pullback back.
Either Way... We are at a crucial pivot point for Palantir. If you truly believe in the company.. you know what you have...
