VAN--
Palantir now has a market capitalization of roughly $27 billion and is valued at approximately 13.5 times this year's expected sales. The company is set to publish its fourth-quarter earnings results before the market opens on Thursday, and the release will likely be the catalyst for a major stock price move.
When it published its Q3 results on Nov. 9, it guided for Q4 revenues of $418 million and a non-GAAP (adjusted) operating margin of 22%. That revenue target implies sales growth of roughly 30%, but the market clearly wasn't happy with the guidance; the shares are down by roughly 48% from where they stood on the day the company delivered it. The stock is trading at a markedly cheaper valuation now, but how investors will react to the fast-approaching Q4 results remains to be seen.
Palantir now has a market capitalization of roughly $27 billion and is valued at approximately 13.5 times this year's expected sales. The company is set to publish its fourth-quarter earnings results before the market opens on Thursday, and the release will likely be the catalyst for a major stock price move.
When it published its Q3 results on Nov. 9, it guided for Q4 revenues of $418 million and a non-GAAP (adjusted) operating margin of 22%. That revenue target implies sales growth of roughly 30%, but the market clearly wasn't happy with the guidance; the shares are down by roughly 48% from where they stood on the day the company delivered it. The stock is trading at a markedly cheaper valuation now, but how investors will react to the fast-approaching Q4 results remains to be seen.