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Palantir topped estimates with its quarterly figures

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Miguel A. Rodriguez
Miguel A. Rodriguez
11 May 2021
The American software company specialized in big data analytics and tools for the defense industry, and large corporations beat estimates with its Q1 2021 figures

Palantir reported an adjusted EPS of 4 cents, on revenues of $341 million. According to data from Refinitiv, the market was looking for EPS o 4 cents and $332.2 million in revenue. Compared to the same quarter last year, revenue went up 49%.

The company revealed that US government revenue increased 83% year-over-year. At the same time, the average revenue per customer reached $8.1 million.

For Q2, Palantir expects revenue of $360 million, topping the $344.3 million consensus. It anticipates an adjusted free cash flow for the full fiscal year above $150 million. It also reiterated that it sees its annual revenue growth of 30% or more starting 2021 through 2025.

As of Monday close, Palantir’s market value reached $30.44 billion.

Source: cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.