Confluent Inc reports results for the quarter ended June 30 - Earnings Summary

• Confluent Inc CFLT reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of thirty two analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 8 cents to 10 cents per share.

• Revenue rose 20.1% to $282.29 million from a year ago; analysts expected $278.45 million.

• Confluent Inc's reported EPS for the quarter was a loss of 24 cents​.

• The company reported a quarterly loss of $81.95 million.

• Confluent Inc shares had risen by 8.2% this quarter and lost 3.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy," 6 "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 $30.00, about 10.1% above its last closing price of $26.97

This summary was machine generated from LSEG data July 30 at 09:02 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)