
Data analytics company Palantir Technologies (NASDAQ: PLTR) will be reporting results this Monday after the bell. Here’s what investors should know.
Palantir Technologies beat analysts’ revenue expectations by 6.8% last quarter, reporting revenues of $1.00 billion, up 48% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EBITDA estimates.
Is Palantir Technologies a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Palantir Technologies’s revenue to grow 50.7% year on year to $1.09 billion, improving from the 30% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Palantir Technologies has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.4% on average.
Looking at Palantir Technologies’s peers in the data and analytics software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Strategy delivered year-on-year revenue growth of 10.9%, beating analysts’ expectations by 9.1%, and Confluent reported revenues up 19.3%, topping estimates by 2.1%. Strategy traded up 6% following the results while Confluent was also up 7.8%.
Read our full analysis of Strategy’s results here and Confluent’s results here.
Investors in the data and analytics software segment have had steady hands going into earnings, with share prices flat over the last month. Palantir Technologies is up 16.5% during the same time and is heading into earnings with an average analyst price target of $154.79 (compared to the current share price of $201.62).
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