What's Going On With Palantir Stock?

Palantir Technologies Inc PLTR shares are trading higher Monday. The stock appears to be seeing increased volatility in anticipation of the company’s fourth-quarter results, which are due after the bell.

What To Know: Palantir is scheduled to report fourth-quarter financial results after the market close on Monday. The company is expected to report earnings of 8 cents per share on revenue of $602.41 million, according to estimates from Benzinga Pro.

Palantir has beat analyst estimates on both the top and bottom line in three of the last four quarters.

At the end of the third quarter, Palantir raised its full-year 2023 revenue guidance to a range of $2.216 billion to $2.22 billion and lifted adjusted income from operations expectations to a range of $607 million to $611 million.

The company also guided for fourth-quarter revenue of $599 million to $603 million and adjusted income from operations of $184 million to $188 million.

Palantir shares are up approximately 105% over the last year, largely driven by the company’s positioning in the AI space. Investors will want to watch for any AI updates when Palantir reports after the bell. Earnings numbers will also be in focus. Last quarter marked Palantir’s fourth consecutive quarter of GAAP profitability.

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Is PLTR A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Palantir Technologies‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Palantir does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 17.32%, you'll need to buy a share of OFS Credit Co by April 18. Once done, you can expect to receive a nominal payout of $0.10 on April 30.

Buyback programs are different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Palantir Technologies will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

PLTR Price Action: Palantir shares were up 3.11% at $17.55 at the time of publication, according to Benzinga Pro.

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