Will Palantir Beat Down Analysts' Target Again?
Palantir Technologies Inc. (NYSE:PLTR) will release its third quarter 2024 earnings on Monday, November 4, 2024 after the U.S. markets close.
Palantir invites anyone who wants to be their participants by pre-registering for the event and subsequently join their live webcast and replay it at investor.palantir.com. Shareholders can submit and vote on questions through the Say Technologies platform at https://app.saytechnologies.com/palantir-2024-q3.
For information, Palantir has beaten down analysts' estimations in the last five quarters as shown below:
Palantir performs better than expected not only in revenue but also in net income:
Despite consistently exceeding market expectations, the company is often underestimated by the analysts by setting modest targets.
Based on the consensus recommendation from 19 brokerage firms, Palantir Technologies Inc's (NYSE:PLTR) average brokerage recommendation indicates a "Hold" status.
The price action following the release may not be predicted but surely creates volatility.
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This article first appeared on GuruFocus.