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Unpacking Q3 Earnings: CLEAR Secure (NYSE:YOU) In The Context Of Other Data Analytics Stocks

YOU 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 CLEAR Secure (NYSE: YOU) 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 analysts’ consensus estimates by 4% 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 17.5% since the latest earnings results.

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 exceeded analysts’ expectations by 1.9%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates.

CLEAR Secure Total Revenue

Interestingly, the stock is up 10.8% since reporting and currently trades at $35.21.

We think CLEAR Secure is a good business, but is it a buy today? Read our full report here, it’s free.

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 analysts’ expectations by 9.1%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations.

Strategy Total Revenue

Strategy pulled off 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 37% since reporting. It currently trades at $160.73.

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

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 analysts’ expectations by 1.7%. Still, it was a slower quarter as it posted revenue guidance for next quarter missing analysts’ expectations significantly and EBITDA guidance for next quarter missing analysts’ expectations significantly.

Health Catalyst delivered the weakest full-year guidance update in the group. As expected, the stock is down 19% since the results and currently trades at $2.35.

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

Palantir Technologies (NASDAQ: PLTR)

Named after the all-seeing stones in "Lord of the Rings," Palantir Technologies (NASDAQ: PLTR) develops software platforms that help government agencies and enterprises integrate, analyze, and operationalize their data for decision-making.

Palantir Technologies reported revenues of $1.18 billion, up 62.8% year on year. This result surpassed analysts’ expectations by 8%. It was a stunning quarter as it also produced an impressive beat of analysts’ EBITDA estimates and revenue guidance for next quarter exceeding analysts’ expectations.

Palantir Technologies delivered the fastest revenue growth among its peers. The stock is down 20.2% since reporting and currently trades at $165.77.

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

Samsara (NYSE: IOT)

From sensors on vehicles to AI-powered cameras that help prevent accidents, Samsara (NYSE: IOT) is a cloud-based Internet of Things platform that helps businesses improve the safety, efficiency, and sustainability of their physical operations.

Samsara reported revenues of $416 million, up 29.2% year on year. This print topped analysts’ expectations by 4.1%. Overall, it was a very strong quarter as it also logged a solid beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations.

The company added 219 enterprise customers paying more than $100,000 annually to reach a total of 2,990. The stock is down 20.9% since reporting and currently trades at $32.20.

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

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