Confluent Inc reports results for the quarter ended in December - Earnings Summary

Confluent

07/02/2024 22:37

* Confluent Inc  CFLT.OQ  reported quarterly adjusted
earnings of
9 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -9 cents.  The mean expectation of twenty six analysts for
the quarter was for earnings of 5 cents per share. Wall Street
expected results to range from 4 cents to 6 cents per share.
    * Revenue rose 26.4% to $213.18 million from a year ago;
analysts
expected $205.26 million. 
    * Confluent Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $94.1 million.
    * Confluent Inc shares had risen by 0.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Confluent Inc is
$26.00 
This summary was machine generated from LSEG data February 7 at
10:37 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.05           0.09           Beat
 Sep. 30 2023      0.00           0.02           Beat
 Jun. 30 2023      -0.06          0.00           Beat
 Mar. 31 2023      -0.14          -0.09          Beat