The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Domo (NASDAQ: DOMO) and the rest of the data analytics stocks fared in Q4.
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 5 data analytics stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 2.5% while next quarter’s revenue guidance was in line.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 14.1% since the latest earnings results.
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 $78.77 million, down 1.8% year on year. This print exceeded analysts’ expectations by 1%. Overall, it was a very strong quarter for the company with a solid beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations.
Domo delivered the slowest revenue growth of the whole group. The stock is up 6.1% since reporting and currently trades at $7.49.
Is now the time to buy Domo? Access our full analysis of the earnings results here, it’s free.
Best Q4: Palantir (NASDAQ: 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 $827.5 million, up 36% year on year, outperforming analysts’ expectations by 6.8%. The business had an exceptional quarter with a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EBITDA estimates.
Palantir delivered the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 4% since reporting. It currently trades at $80.57.
Is now the time to buy Palantir? 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 $79.61 million, up 6% year on year, in line with analysts’ expectations. It was a mixed quarter as it posted full-year EBITDA guidance exceeding analysts’ expectations.
Health Catalyst delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 23.8% since the results and currently trades at $3.76.
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 $78.13 million, up 9.4% year on year. This print surpassed analysts’ expectations by 1.9%. Overall, it was a strong quarter as it also produced an impressive beat of analysts’ EBITDA estimates and full-year guidance of accelerating revenue growth.
The company added 24 enterprise customers paying more than $100,000 annually to reach a total of 591. The stock is down 30% since reporting and currently trades at $8.30.
Read our full, actionable report on Amplitude here, it’s free.
Samsara (NYSE: IOT)
One of the few public companies where Marc Andreessen is a Board member, Samsara (NYSE: IOT) provides software and hardware to track industrial equipment, assets, and fleets.
Samsara reported revenues of $346.3 million, up 25.3% year on year. This result beat analysts’ expectations by 2.9%. It was a strong quarter as it also put up EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
The company added 203 enterprise customers paying more than $100,000 annually to reach a total of 2,506. The stock is down 19% since reporting and currently trades at $33.91.
Read our full, actionable report on Samsara here, it’s free.
Market Update
Thanks to the Fed’s series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump’s presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape.
Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
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