Data Analytics Stocks Q3 Highlights: Amplitude (NASDAQ:AMPL)

AMPL Cover Image

As the Q3 earnings season comes to a close, itโ€™s time to take stock of this quarterโ€™s best and worst performers in the data analytics industry, including Amplitude (NASDAQ: AMPL) 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 7 data analytics stocks we track reported a very strong Q3. As a group, revenues beat analystsโ€™ consensus estimates by 4% while next quarterโ€™s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 12.9% since the latest earnings results.

Amplitude (NASDAQ: AMPL)

Born from the realization that companies were flying blind when it came to understanding user behavior in their digital products, Amplitude (NASDAQ: AMPL) provides a digital analytics platform that helps businesses understand how people use their digital products to improve user experiences and drive revenue growth.

Amplitude reported revenues of $88.56 million, up 17.7% year on year. This print exceeded analystsโ€™ expectations by 2.6%. Overall, it was a strong quarter for the company with an impressive beat of analystsโ€™ billings estimates and a solid beat of analystsโ€™ EBITDA estimates.

"AI is changing how software gets built," said Spenser Skates, CEO and co-founder of Amplitude.

Amplitude Total Revenue

Interestingly, the stock is up 14.1% since reporting and currently trades at $11.00.

Is now the time to buy Amplitude? Access our full analysis of the earnings results here, itโ€™s free for active Edge members.

Best Q3: Strategy (NASDAQ: MSTR)

Once a traditional business intelligence software provider, Strategy (NASDAQ: MSTR) develops AI-powered enterprise analytics software while also functioning as a major corporate holder of Bitcoin cryptocurrency.

Strategy reported revenues of $128.7 million, up 10.9% year on year, outperforming analystsโ€™ expectations by 9.1%. The business had a stunning quarter with a solid beat of analystsโ€™ EBITDA estimates and full-year EPS guidance exceeding analystsโ€™ expectations.

Strategy Total Revenue

Strategy achieved the biggest analyst estimates beat among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 35.4% since reporting. It currently trades at $164.74.

Is now the time to buy Strategy? Access our full analysis of the earnings results here, itโ€™s free for active Edge members.

Weakest Q3: Health Catalyst (NASDAQ: HCAT)

Built on its "Health Catalyst Flywheel" methodology that emphasizes measurable outcomes, Health Catalyst (NASDAQ: HCAT) provides data and analytics technology and services that help healthcare organizations manage their data and drive measurable clinical, financial, and operational improvements.

Health Catalyst reported revenues of $76.32 million, flat year on year, exceeding analystsโ€™ expectations by 1.7%. Still, it was a slower quarter as it posted revenue guidance for next quarter missing analystsโ€™ expectations significantly and EBITDA guidance for next quarter missing analystsโ€™ expectations significantly.

As expected, the stock is down 19.8% since the results and currently trades at $2.33.

Read our full analysis of Health Catalystโ€™s results here.

CLEAR Secure (NYSE: YOU)

Recognized by its signature blue lanes and biometric pods at airport checkpoints across America, CLEAR Secure (NYSE: YOU) provides biometric identity verification technology that allows subscribers to bypass regular security lines at airports and access secure experiences at various venues.

CLEAR Secure reported revenues of $229.2 million, up 15.5% year on year. This print beat analystsโ€™ expectations by 1.9%. Overall, it was a very strong quarter as it also produced an impressive beat of analystsโ€™ EBITDA estimates and a decent beat of analystsโ€™ revenue estimates.

The company added 57 customers to reach a total of 7,683. The stock is up 10.9% since reporting and currently trades at $35.25.

Read our full, actionable report on CLEAR Secure here, itโ€™s free for active Edge members.

Domo (NASDAQ: DOMO)

Named for the Japanese word meaning "thank you very much," Domo (NASDAQ: DOMO) provides a cloud-based business intelligence platform that connects people with real-time data and insights across organizations.

Domo reported revenues of $79.4 million, flat year on year. This number met analystsโ€™ expectations. Zooming out, it was a satisfactory quarter as it also recorded EPS guidance for next quarter exceeding analystsโ€™ expectations but a significant miss of analystsโ€™ billings estimates.

Domo pulled off the highest full-year guidance raise but had the weakest performance against analyst estimates and weakest performance against analyst estimates among its peers. The stock is down 28% since reporting and currently trades at $8.33.

Read our full, actionable report on Domo here, itโ€™s free for active Edge members.


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StockStoryโ€™s analyst team โ€” all seasoned professional investors โ€” uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

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