What Analysts are Saying About Palantir (PTLR) Stock After 12% Drop in Response to EPS Miss

February 17, 2022 9:56 AM EST
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Price: $9.91 +5.20%

Rating Summary:
    4 Buy, 5 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 40 | New: 22
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Shares of Palantir Technologies (NYSE: PLTR) are down more than 12% after the company reported Q4 2021 adjusted EPS of 2 cents, short of the analyst consensus of 3.4 cents per share.

The company generated a revenue of $432.9 million in the fourth quarter, compared to the analyst consensus of $419.3 million.

Operating loss was reported at $58.9 million, while loss per share was 8 cents. Adjusted operating profit came in at $124 million, while adjusted EBITDA stood at $127.9 million, topping the consensus estimates of $98 million. Adjusted free cash flow stood at $104.2 million in the period, while the adjusted operating margin was 29%.

For Q1 2022, Palantir expects revenue of $443 million, beating the consensus estimates of $440.9 million. The company expects the adjusted operating margin to be around 23% in the current quarter, and around 27% for the full-fiscal 2022.

The software maker expects annual revenue growth of 30% or more through 2025.

Citi analyst Tyler Radke reiterated a Sell rating and $13.00 per share on Palantir stock after “underwhelming” results that showed “a continued profile of slowing growth”.

Similarly, Vital Knowledge analysts described the operating margin outlook as “a bit light” but told investors not to focus on the EPS too much as the company beat on EBITDA, operating margins and revenue.

By Senad Karaahmetovic | [email protected]

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