Will Confluent (CFLT) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Confluent (CFLT) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Earnings Performance - Confluent has a solid track record of surpassing earnings estimates, with an average surprise of 90% over the last two quarters [2]. - In the most recent quarter, Confluent reported earnings of $0.09 per share against an expectation of $0.05, resulting in an 80% surprise. The previous quarter also saw a significant surprise of 100% with actual earnings of $0.10 per share compared to an estimate of $0.05 [3]. Earnings Estimates and Predictions - Recent estimates for Confluent have been revised upward, indicating positive sentiment among analysts. The Zacks Earnings ESP for the company is currently positive, suggesting a strong likelihood of an earnings beat [6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a historical success rate of nearly 70% in beating consensus estimates [7]. - Confluent's current Earnings ESP stands at +3.70%, reflecting increased analyst optimism regarding its earnings prospects. This, combined with a Zacks Rank of 2 (Buy), indicates a strong possibility of another earnings beat [9]. Earnings Release Information - The next earnings report for Confluent is anticipated to be released on April 30, 2025 [9].