PREVIEW: Palantir rises ahead of earnings report

Palantir Technologies PLTR.O shares hovering near record levels, last up 0.2%, ahead of qtrly. results after market close, with analysts expecting a big revenue increase as the co benefits from AI-linked demand

Analysts expect qtrly. rev. to rise 36% to $862.8 mln, per data collected by LSEG, with adjusted EPS seen at 13 cents vs 8 cents yr-ago, highlighting growth in the co's data analytics business

PLTR's stock has rallied about 64% year to date, outperforming the Nasdaq .IXIC, which has fallen 7% in the same period

The stock is about 1% below its 52-week intraday high of $125.41 reached on Feb. 19

In the past thirty days, none of the 25 analysts covering the co have raised their EPS estimates for the qtr, while one has revised downwards, per LSEG

In its previous qtr, PLTR forecasted fiscal 2025 revenue between $3.74 bln and $3.76 bln, exceeding estimates