Winners And Losers Of Q3: Health Catalyst (NASDAQ:HCAT) Vs The Rest Of The Data Analytics Stocks

January 22, 2025 at 04:05 AM EST

HCAT Cover Image

As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the data analytics industry, including Health Catalyst (NASDAQ: HCAT) 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 5 data analytics stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.2% while next quarter’s revenue guidance was 0.9% above.

In light of this news, share prices of the companies have held steady as they are up 4.7% on average since the latest earnings results.

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 $76.35 million, up 3.5% year on year. This print was in line with analysts’ expectations, and overall, it was a strong quarter for the company with EBITDA guidance for next quarter exceeding analysts’ expectations and full-year EBITDA guidance exceeding analysts’ expectations.

“For the third quarter of 2024, I am pleased with our strong financial results, including total revenue of $76.4 million and Adjusted EBITDA of $7.3 million, with these results exceeding the mid-point of our quarterly guidance on each metric. This financial performance continues to demonstrate our ability to scale as we remain focused on driving profitable growth. We are encouraged with our bookings results through Q3 2024 and we are excited to continue this momentum in Q4,” said Dan Burton, CEO of Health Catalyst.

Health Catalyst delivered the weakest performance against analyst estimates and weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 27.7% since reporting and currently trades at $5.96.

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

Best Q3: 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 $322 million, up 35.6% year on year, outperforming analysts’ expectations by 3.7%. The business had a very strong quarter with EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

Samsara scored the biggest analyst estimates beat and fastest revenue growth among its peers. The company added 170 enterprise customers paying more than $100,000 annually to reach a total of 2,303. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 14.4% since reporting. It currently trades at $47.22.

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

Weakest Q3: 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 $75.22 million, up 6.5% year on year, exceeding analysts’ expectations by 1.5%. It was a satisfactory quarter as it also posted an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ billings estimates.

Interestingly, the stock is up 8.4% since the results and currently trades at $11.38.

Read our full analysis of Amplitude’s results here.

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 $79.76 million, flat year on year. This result surpassed analysts’ expectations by 2.9%. Overall, 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.

Domo had the slowest revenue growth among its peers. The stock is down 23.7% since reporting and currently trades at $7.45.

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

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 $725.5 million, up 30% year on year. This print topped analysts’ expectations by 3.1%. It was a strong quarter as it also logged an impressive beat of analysts’ EBITDA estimates and revenue guidance for next quarter beating analysts’ expectations.

Palantir pulled off the highest full-year guidance raise among its peers. The stock is up 80.7% since reporting and currently trades at $74.90.

Read our full, actionable report on Palantir 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% each in November and December), 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 the pace and magnitude of future rate cuts as well as potential changes in trade policy and corporate taxes once the Trump administration takes over. The path forward is marked by uncertainty.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

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