Confluent (CFLT) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.1 per share. This compares to earnings of $0.1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +30.00%. A quarter ago, it was expected that this data infrastructure software maker would post earnings of $0.08 per share when it actually produced earnings of $0.09, delivering a surprise of +12.5%.Over the last four qu ...

Group 1: Confluent Overview - Confluent (CFLT) shares increased by 7.6% to $22.3 in the last trading session, with a higher-than-average trading volume, compared to a 3.9% gain over the past four weeks [1] - The company is experiencing strong adoption of its data streaming platform, particularly with Flink's exponential growth and increasing multiyear customer commitments [1] Group 2: Earnings Expectations - Confluent is expected to report quarterly earnings of $0.10 per share, unchanged from the same quarter last year, with revenues projected at $292.05 million, reflecting a 16.7% increase year-over-year [2] - The consensus EPS estimate for Confluent has remained stable over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Group 3: Industry Context - Confluent operates within the Zacks Internet - Software industry, which includes other companies like SEMrush Holdings, Inc. (SEMR) [3] - SEMrush's consensus EPS estimate for its upcoming report is $0.08, representing a 33.3% increase from the previous year, with SEMrush also holding a Zacks Rank of 3 (Hold) [4]

Confluent shares have lost about 3.5% since the beginning of the year versus the S&P 500's gain of 8.3%. What's Next for Confluent? While Confluent has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), bu ...