Is PLTR expecting to go up or down after earnings

Palantir's stock is likely to face downward pressure after earnings. Here's why:

1. Earnings Estimate: The estimated earnings per share (EPS) for Palantir's upcoming Q2 earnings release is $0.08. This is the same as the previous quarter's EPS, suggesting no anticipated growth.

2. Revenue Forecast: Palantir has revised its 2024 revenue forecast slightly higher to $2.68 billion to $2.69 billion. While this revision is positive, it does not necessarily indicate an immediate post-earnings increase in stock price.
3. Recent Performance: The stock has experienced a pre-market percentage change of -5.21% on the day before the earnings report, which is a bearish signal.

4. Analyst Ratings: The consensus among analysts is a "Hold" rating, with a price target of $24.74, which is very close to the current closing price, suggesting limited upside potential.
5. Historical Price Reaction: After previous earnings reports, Palantir's stock has seen mixed reactions, with both positive and negative percentage changes on the day after earnings. However, the recent pre-market decline and the lack of strong revenue growth guidance may lead to a more bearish response.
6. Market Sentiment: The sentiment around Palantir's stock seems cautious, as evidenced by the narrow range of analyst price targets and the lack of a strong growth trajectory in the revenue forecast.

In conclusion, while Palantir has shown some positive signs with its revised revenue forecast, the lack of anticipated growth in EPS, the recent pre-market decline, and the "Hold" rating from analysts suggest that the stock may face downward pressure after earnings.