Palantir Technologies Inc (NASDAQ:PLTR) shares are in the spotlight Monday. The stock is volatile ahead of the company's quarterly results, which are due after the close.

What To Know: Palantir is set to report second-quarter financial results after the bell. Analysts are anticipating earnings of 5 cents per share on revenue of $533.88 million, according to Benzinga Pro.

Analysts will also be looking for the numbers to reflect the increased AI demand the company has been highlighting in recent months. 

Last week, RBC Capital maintained an Underperform rating on the stock and kept its $5 price target, noting that it doesn't believe Palantir is "truly a GenAI company."

According to Benzinga Pro, Palantir has beat revenue expectations in 10 straight quarters. Over the same period, the company beat earnings four times, missed four times and met estimates twice. 

Palantir management will discuss its quarterly results on a conference call Monday evening set to kick off at 5 p.m. ET.

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PLTR Price Action: Palantir shares are up more than 175% year-to-date. The stock was down 1.43% at $17.92 at the time of publication, according to Benzinga Pro.

Photo: Cory Doctorow from Flickr.