Core Insights - Wall Street analysts forecast Confluent (CFLT) to report quarterly earnings of $0.08 per share, reflecting a year-over-year increase of 33.3% [1] - Anticipated revenues are projected to be $277.76 million, showing an 18.2% increase compared to the same quarter last year [1] Earnings Projections - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating analysts' reassessment of their initial projections [1][2] - Revisions to earnings projections are crucial for predicting investor behavior regarding the stock [2] Revenue Estimates - Analysts project 'Revenue- Services' to reach $10.18 million, indicating a -1.1% change from the prior-year quarter [3] - 'Revenue- Subscription' is expected to be $267.57 million, reflecting a +19.1% change from the year-ago quarter [4] - 'Revenue- Confluent Cloud' is anticipated to reach $149.48 million, showing a +27.8% change from the previous year [4] Remaining Performance Obligations - The consensus for 'Remaining performance obligations (RPO)' is estimated at $1.04 billion, compared to $887.80 million reported in the same quarter last year [5] Stock Performance - Over the past month, Confluent shares have recorded returns of +11.8%, outperforming the Zacks S&P 500 composite's +4.9% change [5] - Based on its Zacks Rank 3 (Hold), CFLT is expected to perform in line with the overall market in the upcoming period [5]
Confluent (CFLT) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures