Data Analytics

PLTR) Best of the Bunch


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Data Analytics Stocks Q4 Earnings: Palantir (NYSE:PLTR) Best of the Bunch

As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the data analytics industry, including Palantir (NYSE:PLTR) and its peers.

Organizations generate a lot of data that is stored in silos, often in incompatible formats, making it slow and costly to extract actionable insights, which in turn drives demand for modern cloud-based data analysis platforms that can efficiently analyze the siloed data.

The 4 data analytics stocks we track reported a slower Q4; on average, revenues beat analyst consensus estimates by 0.9%, while next quarter’s revenue guidance was 1% below consensus. Stocks–especially those trading at higher multiples–had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and data analytics stocks have had a rough stretch, with share prices down 18.6% on average since the previous earnings results.

Best Q4: Palantir (NYSE:PLTR)

Started by Peter Thiel after seeing US defence agencies struggle in the aftermath of the 2001 terrorist attacks, Palantir (NYSE:PLTR) offers software as a service platform that helps government agencies and large enterprises use data to make better decisions.

Palantir reported revenues of $608.4 million, up 19.6% year on year, in line with analyst expectations. It was a solid quarter for the company, with an impressive beat of analysts’ billings estimates and management forecasting accelerating growth.

Palantir Total RevenuePalantir Total Revenue

Palantir Total Revenue

Palantir achieved the fastest revenue growth and highest full-year guidance raise of the whole group. The stock is up 23.7% since the results and currently trades at $20.69.

Read why we think that Palantir is one of the best data analytics stocks, our full report is free.

Domo (NASDAQ:DOMO)

Founded by Josh James after selling his former business Omniture to Adobe, Domo (NASDAQ:DOMO) provides business intelligence software that allows managers to access and visualize critical business metrics in real-time, using their smartphones.

Domo reported revenues of $80.18 million, flat year on year, in line with analyst expectations. It was a mixed quarter for the company, with an impressive beat of analysts’ billings estimates but full-year revenue guidance missing analysts’ expectations.

Domo Total RevenueDomo Total Revenue

Domo Total Revenue

Domo had the slowest revenue growth among its peers. The stock is down 30.5% since the results and currently trades at $7.89.

Is now the time to buy Domo? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Health Catalyst (NASDAQ:HCAT)

Founded by healthcare professionals Tom Burton and Steve Barlow in 2008, Health Catalyst (NASDAQ:HCAT) provides data and analytics technology to healthcare organizations, enabling them to improve care and lower costs.

Health Catalyst reported revenues of $75.08 million, up 8.6% year on year, exceeding analyst expectations by 2%. It was a weak quarter for the company, with full-year revenue guidance missing analysts’ expectations and management forecasting growth to slow.

Health Catalyst delivered the biggest analyst estimates beat but had the weakest full-year guidance update in the group. The stock is down 34.9% since the results and currently trades at $5.51.

Read our full analysis of Health Catalyst’s results here.

Amplitude (NASDAQ:AMPL)

Born out of a failed voice recognition startup by founder Spenser Skates, Amplitude (NASDAQ:AMPL) is data analytics software helping companies improve and optimize their digital products.

Amplitude reported revenues of $71.4 million, up 9.4% year on year, falling short of analyst expectations by 0.1%. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations and management forecasting growth to slow.

Amplitude had the weakest performance against analyst estimates among its peers. The company added 252 customers to reach a total of 2,723. The stock is down 32.8% since the results and currently trades at $9.46.

Read our full, actionable report on Amplitude here, it’s free.

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