What To Look For In Q3
$Palantir (PLTR.US)$ Palantir is set to report Q3 results on November 11th, and while I am bearish, there is room for the company to surprise investors. The most important metrics to look for, in my opinion, will be quarterly changes in margins and revenue growth in the commercial sector.
Palantir has deliberately set low expectations for the third quarter in terms of profitability. I expect these will be "beat", but there will still be a continued decline in profitability. With that said, if the company can continue to show strong momentum in its commercial segment, I do not doubt that investors will be pleased.
Ultimately, I can't justify investing in a company that has no long-term prospects of being profitable and shows moderate growth. Only an acceleration in these metrics would have me changing my mind, and the upcoming quarter will be a key factor in determining which way the trend is moving.
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