Palantir Q4 2024 earnings preview: can growth justify valuation?
Explore Palantir's Q4 2024 earnings expectations, strategic AI partnerships, and commercial sector growth as the company positions itself for future expansion.
When is Palantir reporting?
Palantir Technologies is expected to report its fourth-quarter (Q4) 2024 earnings on Tuesday, February 4 at 8:05am AEDT, after the market opens.
Q4 2024 earnings expectations
- Earnings per share (EPS): $0.11, marking a 37.5% increase year-over-year (YoY)
- Revenue: $778.89 million, reflecting a 28% increase from the previous year
Palantir continues to demonstrate robust growth momentum, driven by strong demand for its artificial intelligence (AI) and data analytics solutions. The company's addition to the Nasdaq 100 index has increased its appeal to institutional investors, potentially supporting its share price.
What to watch for
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High-value government contracts
Securing high-value government contracts remains a key growth driver for Palantir, particularly in defence and national security applications. Recent geopolitical developments have heightened the demand for advanced AI and data analytics solutions in the defence sector.
Investors can track these developments through various trading platforms, which provide real-time market data and analysis. The expansion of government contracts could provide more stable revenue streams to support Palantir's growth trajectory.
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Strategic AI partnership with BP
Palantir's five-year AI partnership with BP marks a significant milestone in its commercial expansion strategy. This collaboration highlights the growing enterprise adoption of AI solutions. Additionally, the formation of a defence technology consortium with Anduril, SpaceX, and OpenAI positions Palantir to compete more effectively for Pentagon contracts.
These strategic moves have garnered increased attention from investors, who see potential in the company's expanding market presence. The success of these partnerships could be crucial in justifying the company's current market valuation.
Palantir's growth in the commercial sector
Palantir's commercial sector expansion continues to accelerate, driven by increasing enterprise adoption of AI solutions. The company's ability to convert pilot programs into full-scale implementations will be crucial for maintaining its growth momentum. Margin expansion in commercial operations could provide additional support for the company's stock trading performance. Analysts will closely monitor the pace of commercial customer acquisition and contract value growth.
Palantir technical analysis
2024 was an astonishing year for Palantir. The stock went from $17 to $74, buoyed by expectations of more solid earnings growth. A pullback from late December ran its course, creating a higher low around $65, and this has been followed up by fresh gains. For the moment, the stock is holding up, and a push to new record highs is a strong possibility.
Palantir daily chart
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