Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Confluent (CFLT) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - Confluent is expected to report quarterly earnings of $0.08 per share, reflecting a year-over-year increase of +33.3% [3] - Revenue projections stand at $277.76 million, indicating an 18.2% increase from the previous year [3] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [4] - A positive Earnings ESP of +10.20% indicates recent bullish sentiment among analysts regarding Confluent's earnings prospects [12] Earnings Surprise Prediction - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, with a positive reading suggesting a likely earnings beat [8][10] - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically shown a nearly 70% chance of delivering a positive surprise [10] Historical Performance - Confluent has consistently beaten consensus EPS estimates, achieving this in the last four quarters [14] - In the last reported quarter, Confluent exceeded expectations by delivering earnings of $0.08 per share against an anticipated $0.07, resulting in a surprise of +14.29% [13] Conclusion - Confluent is positioned as a strong candidate for an earnings beat, but investors should consider additional factors influencing stock performance [17]

Confluent (CFLT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this data infrastructure software maker reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation bet ...