Palantir Technologies Inc reports results for the quarter ended March 31 - Earnings Summary

• Palantir Technologies Inc PLTR.OQ reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 12 cents to 14 cents per share.

• Revenue rose 39.3% to $883.86 million from a year ago; analysts expected $862.83 million.

• Palantir Technologies Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $214.03 million.

• Palantir Technologies Inc shares had risen by 47.3% this quarter and gained 64.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 15 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "hold"

• Wall Street's median 12-month price target for Palantir Technologies Inc is $92.45

This summary was machine generated from LSEG data May 5 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)