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Stay Ahead of the Game With Confluent (CFLT) Q3 Earnings: Wall Street's Insights on Key Metrics
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The upcoming report from Confluent (CFLT - Free Report) is expected to reveal quarterly earnings of $0.05 per share, indicating an increase of 150% compared to the year-ago period. Analysts forecast revenues of $243.98 million, representing an increase of 21.9% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Confluent metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Services' to come in at $10.96 million. The estimate indicates a year-over-year change of +0.4%.
Analysts' assessment points toward 'Revenue- Subscription' reaching $233.43 million. The estimate indicates a year-over-year change of +23.3%.
The collective assessment of analysts points to an estimated 'Revenue- Confluent Cloud' of $125.26 million. The estimate suggests a change of +36.7% year over year.
Analysts forecast 'Remaining performance obligations (RPO)' to reach $938.90 million. The estimate compares to the year-ago value of $824.10 million.
Shares of Confluent have experienced a change of +14.4% in the past month compared to the +2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CFLT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Stay Ahead of the Game With Confluent (CFLT) Q3 Earnings: Wall Street's Insights on Key Metrics
The upcoming report from Confluent (CFLT - Free Report) is expected to reveal quarterly earnings of $0.05 per share, indicating an increase of 150% compared to the year-ago period. Analysts forecast revenues of $243.98 million, representing an increase of 21.9% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Confluent metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Services' to come in at $10.96 million. The estimate indicates a year-over-year change of +0.4%.
Analysts' assessment points toward 'Revenue- Subscription' reaching $233.43 million. The estimate indicates a year-over-year change of +23.3%.
The collective assessment of analysts points to an estimated 'Revenue- Confluent Cloud' of $125.26 million. The estimate suggests a change of +36.7% year over year.
Analysts forecast 'Remaining performance obligations (RPO)' to reach $938.90 million. The estimate compares to the year-ago value of $824.10 million.
View all Key Company Metrics for Confluent here>>>
Shares of Confluent have experienced a change of +14.4% in the past month compared to the +2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CFLT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>