Confluent (NASDAQ:CFLT – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Confluent to post earnings of $0.05 per share for the quarter. Confluent has set its FY 2024 guidance at 0.200-0.200 EPS and its Q3 2024 guidance at 0.050-0.050 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Confluent (NASDAQ:CFLT – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.04). Confluent had a negative return on equity of 37.78% and a negative net margin of 42.70%. The business had revenue of $234.99 million for the quarter, compared to analysts’ expectations of $229.49 million. 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 3.3 %
Confluent stock opened at $22.53 on Monday. The stock’s 50 day moving average price is $20.78 and its 200 day moving average price is $24.78. The company has a market cap of $7.16 billion, a PE ratio of -18.02 and a beta of 0.88. The company has a debt-to-equity ratio of 1.25, a current ratio of 4.44 and a quick ratio of 4.44. Confluent has a 1-year low of $14.69 and a 1-year high of $35.07.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on CFLT
Insider Transactions at Confluent
In related news, CEO Edward Jay Kreps sold 232,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $21.13, for a total value of $4,912,725.00. Following the completion of the transaction, the chief executive officer now directly owns 452,488 shares in the company, valued at approximately $9,561,071.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CTO Chad Verbowski sold 13,540 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $21.68, for a total transaction of $293,547.20. Following the completion of the transaction, the chief technology officer now owns 496,807 shares of the company’s stock, valued at approximately $10,770,775.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $21.13, for a total transaction of $4,912,725.00. Following the completion of the transaction, the chief executive officer now owns 452,488 shares in the company, valued at approximately $9,561,071.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 524,453 shares of company stock worth $10,833,388 over the last quarter. 13.82% of the stock is currently owned by insiders.
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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