Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Samsara (NYSE: IOT) and the best and worst performers in the data analytics industry.
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 Q1. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was in line.
Luckily, data analytics stocks have performed well with share prices up 16.5% on average since the latest earnings results.
Samsara (NYSE: IOT)
One of the few public companies where famed investor Marc Andreessen is a Board member, Samsara (NYSE: IOT) provides software and hardware to track industrial equipment, assets, and fleets.
Samsara reported revenues of $366.9 million, up 30.7% year on year. This print exceeded analysts’ expectations by 4.4%. Overall, it was a very strong quarter for the company with EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
“We delivered a strong first quarter of the new fiscal year with Q1 revenue of $366.9 million, growing 32% year-over-year in constant currency,” said Sanjit Biswas, CEO and co-founder of Samsara.
Samsara pulled off the biggest analyst estimates beat of the whole group. The company added 132 enterprise customers paying more than $100,000 annually to reach a total of 2,638. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 14.4% since reporting and currently trades at $40.52.
We think Samsara is a good business, but is it a buy today? Read our full report here, it’s free.
Best Q1: 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 $80.11 million, flat year on year, outperforming analysts’ expectations by 3.1%. The business had a very strong quarter with EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
The market seems happy with the results as the stock is up 58.9% since reporting. It currently trades at $13.59.
Is now the time to buy Domo? Access our full analysis of the earnings results here, it’s free.
Slowest Q1: 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 $79.41 million, up 6.3% year on year, in line with analysts’ expectations. Still, it was a satisfactory quarter as it posted a solid beat of analysts’ EBITDA estimates.
Health Catalyst delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. The stock is flat since the results and currently trades at $4.
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 $79.95 million, up 10.1% year on year. This result was in line with analysts’ expectations. Overall, it was a strong quarter as it also produced a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EBITDA estimates.
The company added 26 enterprise customers paying more than $100,000 annually to reach a total of 617. The stock is up 28.7% since reporting and currently trades at $12.10.
Read our full, actionable report on Amplitude 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 $883.9 million, up 39.3% year on year. This print surpassed analysts’ expectations by 2.5%. It was a very strong quarter as it also logged a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EBITDA estimates.
Palantir achieved the fastest revenue growth and highest full-year guidance raise among its peers. The stock is up 8.5% since reporting and currently trades at $134.52.
Read our full, actionable report on Palantir here, it’s free.
Market Update
Thanks to the Fed’s rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn’t send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump’s November win lit a fire under major indices and sent them to all-time highs. However, there’s still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy.
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