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PLTR’s revenue increased 49% year-over-year to $341 million for its fiscal first quarter ended March 31, 2021. However, the company’s net loss increased 127.5% year-over-year to $123.47 million in the quarter. And its loss per share for the quarter came in at $0.07 compared to $0.10 in the year-ago period.
Analysts expect the company’s EPS to decline 66.7% for the quarter ending September 30, 2021, and 30% in its fiscal year 2021. But, despite the company’s unimpressive financials and unfavorable analyst estimates, the stock is currently trading at an expensive valuation. In terms of forward P/CF and P/S, PLTR’s 258.78x and 29.55x, respectively, are higher than the 22.67x and 4.02x industry averages. So, it’s wise to avoid the stock now.
