Palantir (PLTR) stock’s performance over the past 12 months looks pretty miserable, with shares down by 59%. Can the company’s upcoming earnings provide the necessary kick required for a meaningful turnaround?
That remains to be seen, although Jefferies’ Brent Thill believes the company’s expectations ahead of the print seem “reasonable.” Palantir has guided for revenue of $418 million, 30% above the haul generated during the same period last year although decelerating from the 40% growth shown in 4Q20.
Once again, Thill expects the government segment will be the “main driver of growth,” although importantly, Thill believes to a lesser extent than in previous quarters. Over the past few quarters, this segment’s growth has been declining with a particularly sharp drop to 34% in 3Q21, following +66% growth in 2Q21, +76% in 1Q21 and +85% in 4Q20. “We think that the…
