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

Confluent

02/11/2023 01:49

* Confluent Inc  CFLT.OQ  reported quarterly adjusted
earnings of
2 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -13 cents.  The mean expectation of twenty three analysts for
the quarter was for breakeven results per share. Wall Street
expected results to range from -4 cents to 2 cents per share.
    * Revenue rose 31.9% to $200.18 million from a year ago;
analysts
expected $195.42 million. 
    * Confluent Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $92.67 million.
    * Confluent Inc shares had fallen by 2.4% this quarter and
gained 30.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.6%
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 14 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Confluent
Inc is
$39.50 

This summary was machine generated from LSEG data November 2 at
01:49 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.00           0.02           Beat
 Jun. 30 2023      -0.06          0.00           Beat
 Mar. 31 2023      -0.14          -0.09          Beat
 Dec. 31 2022      -0.14          -0.09          Beat