Palantir has been the subject of much speculation, the company’s long-standing history was, until recently, steeped in government and military contracts. A shift towards commercial clientele has reignited investor sentiment as the company hones in on the ever-expanding world of data-driven technology. Following Palantir’s Q4 earnings – investors are still dubious of the data giant’s road to commercial profitability.
Palantir posted adjusted earnings of $0.02 per share, missing analyst expectations of $0.04. The company did post better revenue. Jumping 34% to $433M, revenue came in above expectations of $418M. Clearly, Palantir is still finding its footing while the company embarks on its transition into commercial enterprise. Opportunity is rife for Palantir moving forward, but investors might not see solid earnings until Palantir has a firmer grip on the market.
Again, investors weren’t exactly wowed by the company’s Q1 revenue outlook of $443M – which just edged over expectations of $439M. At a time when outlook is everything, Palantir’s Q1 projections underwhelmed the market. High-growth stocks have been under fire, hence investors are looking for clear-cut trajectories instead of more speculative long-term plays.
PLTR stock fell just over 10% in Thursday premarket trading. While revenue growth is relieving, we need to see more from Palantir in 2022 in order for bulls to return to the slowly fading stock.
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Oliver is a financial writer and analyst specialising in the US stock market, with years of personal experience in understanding micro/macroeconomic structures, market trends and fundamental analysis.