Confluent (CFLT) to Release Earnings on Wednesday

Confluent (NASDAQ:CFLT - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Wednesday, April 30th. Analysts expect Confluent to post earnings of $0.07 per share and revenue of $264.45 million for the quarter. Confluent has set its FY 2025 guidance at 0.350-0.350 EPS and its Q1 2025 guidance at 0.060-0.070 EPS.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.28). Confluent had a negative net margin of 35.81% and a negative return on equity of 34.70%. On average, analysts expect Confluent to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Confluent Stock Up 1.2 %

Shares of CFLT opened at $20.64 on Wednesday. The company has a current ratio of 3.99, a quick ratio of 4.24 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $6.89 billion, a PE ratio of -19.11 and a beta of 1.03. The firm's 50 day moving average is $26.10 and its 200-day moving average is $27.36. Confluent has a 12 month low of $17.79 and a 12 month high of $37.90.

Insider Activity

In other Confluent news, CAO Kong Phan sold 3,175 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $26.86, for a total value of $85,280.50. Following the transaction, the chief accounting officer now directly owns 246,516 shares of the company's stock, valued at approximately $6,621,419.76. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $32.33, for a total transaction of $7,516,725.00. Following the completion of the sale, the chief executive officer now owns 452,488 shares of the company's stock, valued at $14,628,937.04. This represents a 33.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,200,746 shares of company stock valued at $38,505,150. 13.82% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler lifted their price objective on Confluent from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Canaccord Genuity Group boosted their price target on Confluent from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Royal Bank of Canada increased their price objective on shares of Confluent from $36.00 to $41.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. UBS Group raised shares of Confluent from a "neutral" rating to a "buy" rating and raised their target price for the company from $34.00 to $38.00 in a report on Wednesday, February 26th. Finally, Scotiabank upped their price target on shares of Confluent from $27.00 to $35.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.07.

About Confluent

Confluent, Inc operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software.

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