Palantir Stock FY2023 Q4 Third-party Analysts' Forecast & Preview

According to IBD, Palantir Technologies (PLTR) stock has seen positive momentum in 2023, advancing 120% year-to-date as of September 25. The stock hit a 52-week intraday high on August 1 as artificial intelligence stocks rallied. However, PLTR has pulled back from that peak as of late September. The stock is still trading well below its all-time high of $45 set in January 2021.

In Q2 2022, Palantir met analyst estimates with adjusted earnings per share of 5 cents on revenue of $533 million, up 13% year-over-year. Revenue growth has slowed from previous years, decelerating from 40% growth in 2021 to 24% in 2022.

The company generates most of its revenue from government agencies, which accounted for $302 million in Q2 2022, up 15% year-over-year. Commercial revenue grew at a slower 10% clip to $232 million.

Palantir has delivered GAAP profits for three straight quarters. The company announced a $1 billion share buyback program in Q2.

Management's Q3 and full-year 2022 revenue guidance is roughly in line with expectations. Investor disappointment in the outlook appeared to contribute to a stock pullback following Q2 results.

According to IBD, Bulls see potential for Palantir's artificial intelligence offerings to boost growth, especially in commercial markets like health care and manufacturing. But the company needs to demonstrate progress developing new revenue streams in AI.

Source: Is Palantir Stock A Buy On Artificial Intelligence Outlook? (www.investors.com) >>

Part 2：Palantir FY2023 Q3 Earnings Report Recap

1. Palantir Key Indicators and Historical Earnings Report

• - Palantir FY2023 Q3 EPS was $0.03, YOY -150.00%
• - Palantir PE Ratio today is -- 
• - Palantir FY2023 Q3 Revenue was $558.2M, YOY +16.80% 
• - Palantir FY2023 Q3 FCF was $131.9M, YOY +304.16%
• - Palantir FY2023 Q3 Current Ratio was 5.53, YOY +29.17% 
• - Palantir FY2023 Q3 ROA was 1.75%, YOY -146.62%
• - Palantir FY2023 Q3 ROE was 2.33%, YOY -144.48%
• - Palantir FY2023 Q3 Gross Margin was 80.66%, YOY +4.11% 
• - Palantir FY2023 Q3 Net Margin was 13.16%, YOY -150.76%

For more information, such as definitions and explanations of the above technical terms, please view:

Interpretation of Key Indicators >>

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2. Palantir FY2023 Q3 Financial Statement Analysis

• Key Takeaways:

  ● PLTR delivered strong growth in revenue, profits and cash flow amid macroeconomic headwinds. Margin expansion reflects operational leverage.

  ● Commercial momentum remained robust, especially in the US.

   

  Growth Prospects

  ● PLTR has delivered double-digit revenue growth amid a challenging macro environment, demonstrating the durability potential of its business model. Total revenue grew 13% to $533 million in Q2 2023.

  ● Key segments like U.S. commercial saw revenue growth accelerate to 20% year-over-year to $103 million. Government revenue grew 15%.

  ● Average revenue per top 20 customers increased 15% to $53 million, reflecting strong customer retention and expansion trends.

  ● Management raised full-year guidance, signaling confidence in growth outlook despite economic uncertainty.

   

  Profitability and Cash Flow

  ● PLTR achieved its third straight quarter of GAAP profitability and positive free cash flow. Adjusted operating margin expanded to 25% in Q2 from 17% last year.

  ● With $3.1 billion in cash and no debt, PLTR has a balance sheet that provided downside protection and strategic flexibility.

   

  Valuation

  ● After the significant stock price decline, PLTR trades at around 7x estimated 2023 revenue, a discount to high-growth software peers.

   

  Outlook

  ● For Q3 2023, PLTR expects adjusted operating income of $135-139 million and revenue of $553-557 million.

  ● For full-year 2023, PLTR raised its adjusted operating income guidance to over $576 million and revenue guidance to over $2.212 billion.

Source: Palantir Q2 2023 Business Update >>

Part 3：Palantir FY2023 Q4 Earnings Report Forecast & Preview

1. Palantir FY2023 Q4 Forecast By Third Party Analyst Rating, December 4th

Following an extensive evaluation of Tesla's financial data, revenue, and stock trends over the last few quarters by more than 13 third-party financial analysts, PLTR Stock has been given a Hold rating. Analysts forecast an average stock price of $15.180 (Average) for the next 12 months.

- Third Party Analyst rating: Hold

- Palantir Price Target: $15.180

- Forecast of FY2023 Q4 EPS: $0.030

- Forecast of FY2023 Q4 Revenue: $603M

- Forecast of FY2023 Q4 EBIT: $185.8M

Source: https://www.benzinga.com/quote/PLTR/analyst-ratings

For more information on what the analyst ratings may mean, visit https://pro.benzinga.com/blog/what-do-stock-analyst-ratings-mean/ (Benzinga is not affiliated with Moomoo Technologies Inc., Moomoo Financial Inc., or its affiliates.)

2. Palantir Forecast By Technical Analysis, December 4th, 2023

For more information, such as definitions and explanations of the above technical terms, please view: 

Interpretation of technical indicators >>

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