CFLT Earnings Prediction
The chart below shows how CFLT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CFLT sees a +2.93% change in stock price 10 days leading up to the earnings, and a -2.15% change 10 days following the report. On the earnings day itself, the stock moves by -2.96%. This data can give you a slight idea of what to expect for the next quarter's release.
CFLT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
250.20M
24.99%
6.47%
Gross Margin
74.54%
3.89%
3.03%
Operating Margin
-37.44%
-30.67%
-18.80%
Net Margin
-29.63%
-35.99%
-22.56%
EPS
-0.23
-23.33%
-17.86%
No Data Available
CFLT Earnings Analysis
Confluent, Inc. Class A Common Stock Corporation (CFLT.O) Earnings Conference Call
Positive
Subscription Revenue Increase: Subscription revenue grew 27% to $240 million.
Confluent Cloud Revenue Surge: Confluent Cloud revenue grew 42% to $130 million and non-GAAP operating margin expanded approximately 12 percentage points to 6.3%.
Revenue Surpasses $1 Billion: Total revenue grew 25% to $250 million, surpassing a $1 billion revenue run rate in just 10 years since Confluent was founded.
Data Streaming Industry Event: In Q3, we hosted Current 2024, the only industry event fully dedicated to all things data streaming, with more than 4,200 people from 1,200 companies participating, making it our biggest and best current yet.
Confluent Cloud Revenue Surge: Confluent Cloud is now more than 50% of total revenue and continues to outpace our Confluent Platform business.
Negative
Revenue Surpasses $1 Billion: Total revenue grew 25% to $250 million, surpassing a $1 billion revenue run rate in just 10 years since Confluent was founded.
Subscription Revenue Surge: Subscription revenue grew 27% to $239.9 million, exceeding the high end of our guidance and representing 96% of total revenue.
Confluent Cloud Revenue Surge: Confluent Cloud revenue grew 42% to $129.8 million and accounted for 54% of subscription revenue compared to 48% a year ago.
Operating Margin Expansion: Operating margin expanded approximately 12 percentage points to a record high of 6.3%, representing our ninth consecutive quarter of 9 points or more in margin improvement.
Net Income Per Share: Net income per share was $0.10 for Q3 using 353.6 million diluted weighted average shares outstanding.
CFLT FAQs
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CFLT Earning Call Sentiment
Confluent, Inc. (CFLT) Q3 2024 Earnings Call Transcript
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00:00
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CFLT.O
-4.32%Positive
The earnings call highlights strong financial performance with record high margins, robust revenue growth, and improved cash flow. The optimistic guidance, particularly in subscription revenue and operating margin, coupled with strategic partnerships, suggests positive momentum. The Q&A session did not reveal significant concerns, and management expressed confidence in customer acquisition and market expansion. While no shareholder return plan was announced, the overall sentiment remains positive, likely leading to a stock price increase in the short term.
