Can Confluent (CFLT) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Confluent (CFLT) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates [1][2] Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Confluent's earnings prospects, which is expected to positively impact its stock price [2] - For the current quarter, Confluent is projected to earn $0.08 per share, reflecting a 33.33% increase from the previous year [6] - The Zacks Consensus Estimate for the current quarter has risen by 22.92% over the last 30 days, with three estimates increasing and one decreasing [6] - For the full year, the expected earnings per share is $0.36, representing a year-over-year increase of 24.14% [7] - In the past month, nine estimates have been revised upward for Confluent, while two have been revised downward, indicating a positive trend [7] Zacks Rank - Confluent has achieved a Zacks Rank of 2 (Buy), reflecting strong agreement among analysts in revising earnings estimates upward [8] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8] Stock Performance - Confluent's stock has increased by 6.8% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [9]