Confluent Inc expected to post earnings of 5 cents a share - Earnings Preview

Confluent

05/02/2024 22:21

* Confluent Inc  CFLT.OQ   CFLT.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 7 for the
period ending December 31 2023
    * The Mountain View California-based  company is expected to
report a 21.7% increase in revenue to $205.258 million from
$168.67 million a year ago, according to the mean estimate from
26 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Confluent Inc is for
earnings
of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Confluent
Inc is
$26.00​, above​ its last closing price of $24.13. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.00        0.00       0.02      Beat    616.8
 Jun. 30 2023  -0.06       -0.06      0.00      Beat    100
 Mar. 31 2023  -0.13       -0.14      -0.09     Beat    33.9​
 Dec. 31 2022  -0.11       -0.14      -0.09     Beat    34.6
 ​​Sep.        -0.17       -0.17      -0.13     Beat    24
 30 2022                                                
 Jun. 30 2022  -0.19       -0.19      -0.16     Beat    16.6​
 Mar. 31 2022  -0.22       -0.22      -0.19     Beat    11.7
 Dec. 31 2021  -0.21       -0.21      -0.19     Beat    11.6
 This summary was machine generated February 5 at 22:21 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)