Ahead of Palantir Earnings, Here's What Barchart Data Says Comes Next for PLTR Stock

Palantir Technologies (PLTR) is due to report Q2 earnings after the market closes on Monday, Aug. 3, with the stock still down sharply over the past year. PLTR has fallen more than 22% over 52 weeks and is down 30% year-to-date, lagging the S&P 500 and broader software and services groups. Barchart data and Wall Street consensus expect EPS of $0.28 for Q2, up 115.4% year over year, and full-year EPS growth to $1.17. Analysts also project June-quarter revenue of about $1.81 billion, up 81% annually. Despite strong results versus consensus in recent quarters, valuation concerns persist, including a roughly 66x P/S multiple.