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Confluent (CFLT)
NASDAQ:CFLT
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.06Last Year’s EPS
$0.09Same Quarter Last Year
Moderate Buy
Based on 25 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 29.95%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with record revenue growth, successful cloud expansion, and improved operating margins. However, there is caution in the Q4 outlook and a slight decline in net revenue retention, but overall performance and strategic initiatives indicate positive momentum.Company Guidance
During the Confluent third quarter 2024 earnings call, the executives provided guidance for the fourth quarter and the full fiscal year of 2024. They projected Q4 subscription revenue to range between $245 million to $246 million, with a non-GAAP operating margin of approximately 2% and non-GAAP net income per share of $0.05. For the full year, subscription revenue is expected to be between $916.5 million to $917.5 million, indicating a growth of about 26%. The company also anticipates a non-GAAP operating margin of around 2% and a free cash flow margin between 0% to 1%. Notably, Confluent Cloud revenue saw a significant increase of 42% to $129.8 million, making up 54% of the subscription revenue, while the total revenue grew 25% to $250 million. The company highlighted its progress in the digital native segment, increased win rates, and the adoption of DSP products among its customers as positive indicators for future growth.Record-Breaking Revenue Growth
Total revenue grew 25% to $250 million, surpassing a $1 billion revenue run rate. Subscription revenue increased by 27% to $240 million.
Confluent Cloud Revenue and Expansion
Confluent Cloud revenue grew 42% to $130 million, now accounting for more than 50% of total revenue. The cloud business continues to outpace the Confluent Platform business.
Non-GAAP Operating Margin Improvement
Non-GAAP operating margin expanded approximately 12 percentage points to a record high of 6.3%.
Successful Industry Events and Initiatives
The company hosted successful events like Current 2024 and Confluent AI Day, with significant participation and the launch of the Confluent for Start-ups AI Accelerator program.
Strong Customer Base
Confluent serves more than 40% of the Fortune 500 and has significant presence in multiple industries, including financial services and automotive.
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CFLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CFLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $23.07 | $26.17 | +13.44% |
| Jul 31, 2024 | $25.02 | $20.63 | -17.55% |
| May 07, 2024 | $27.83 | $31.38 | +12.76% |
| Feb 07, 2024 | $24.29 | $32.57 | +34.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Confluent (CFLT) report earnings?
Confluent (CFLT) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Confluent (CFLT) earnings time?
Confluent (CFLT) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CFLT EPS forecast?
CFLT EPS forecast for the fiscal quarter 2024 (Q4) is $0.06.
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