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Data Analytics Stocks Q4 Earnings Teardown: Amplitude (NASDAQ:AMPL) Vs The Rest


Radek Strnad /
2022/04/18 7:17 am EDT
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As data analytics stocks’ Q4 earnings season wraps, let's dig into this quarters’ best and worst performers, 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 silo-ed data.

The 4 data analytics stocks we track reported a mixed Q4; on average, revenues beat analyst consensus estimates by 3.9%, while on average next quarter revenue guidance was 0.13% above consensus. There has been a stampede out of high valuation technology stocks and while some of the data analytics stocks have fared somewhat better, they have not been spared, with share price declining 15.6% since earnings, on average.

Weakest Q4: 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 $49.4 million, up 75.1% year on year, beating analyst expectations by 5.26%. Despite the strong top-line growth, it was a weaker quarter for the company, with the guidance for both the next quarter and the full year missing analysts' estimates.

"2021 was a breakthrough year for Amplitude. Digital products are becoming the central driver for how businesses operate, go to market and generate revenue,” said Spenser Skates, CEO and co-founder of Amplitude.

Amplitude Total Revenue

Amplitude scored the strongest analyst estimates beat and fastest revenue growth, but had the weakest full year guidance update of the whole group. The company added 180 customers to a total of 1,597. The stock is down 50.8% since the results and currently trades at $20.47.

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

Best Q4: 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 $69.9 million, up 23.1% year on year, beating analyst expectations by 4.31%. It was a very strong quarter for the company, with a very optimistic guidance for the next quarter and a full year guidance beating analysts' expectations.

Domo Total Revenue

Domo delivered the highest full year guidance raise among its peers. The stock is up 9.23% since the results and currently trades at $47.91.

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

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 $64.7 million, up 21.4% year on year, beating analyst expectations by 2.48%. It was a weaker quarter for the company, with revenue guidance missing analysts' expectations for both the full year and the next quarter.

Health Catalyst had the weakest performance against analyst estimates and slowest revenue growth in the group. The stock is down 9.98% since the results and currently trades at $23.81.

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

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 $432.8 million, up 34.3% year on year, beating analyst expectations by 3.54%. It was a strong quarter for the company, with a solid top-line growth and revenue guidance for the next quarter above analysts' expectations.

The stock is down 11% since the results and currently trades at $12.43.

Read our full, actionable report on Palantir here, it's free.

The author has no position in any of the stocks mentioned