FY2025 Earnings Forecast for Confluent Issued By DA Davidson

Confluent, Inc. (NASDAQ:CFLT) – Equities researchers at DA Davidson lowered their FY2025 EPS estimates for Confluent in a report issued on Thursday, July 31st. DA Davidson analyst R. Kessinger now expects that the company will post earnings of ($0.64) per share for the year, down from their prior estimate of ($0.63). DA Davidson currently has a “Buy” rating and a $24.00 price objective on the stock. The consensus estimate for Confluent’s current full-year earnings is ($0.83) per share. DA Davidson also issued estimates for Confluent’s FY2026 earnings at ($0.61) EPS.

Confluent (NASDAQ:CFLT) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The firm had revenue of $282.29 million for the quarter, compared to analysts’ expectations of $278.32 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the stock. TD Securities decreased their price objective on shares of Confluent from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Robert W. Baird lowered their price objective on shares of Confluent from $37.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Guggenheim cut their price objective on Confluent from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday. Canaccord Genuity Group reduced their target price on Confluent from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Oppenheimer reduced their target price on Confluent from $32.00 to $26.00 and set an “outperform” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.54.

Confluent Price Performance

CFLT stock opened at $17.20 on Monday. The firm’s 50-day moving average price is $24.34 and its two-hundred day moving average price is $25.35. Confluent has a 12-month low of $16.56 and a 12-month high of $37.90. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of -18.30 and a beta of 0.96. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03.

Institutional Investors Weigh In On Confluent

Institutional investors have recently made changes to their positions in the company. Credit Industriel ET Commercial purchased a new stake in shares of Confluent during the fourth quarter valued at approximately $28,000. Cloud Capital Management LLC purchased a new stake in shares of Confluent during the first quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its holdings in shares of Confluent by 252.3% during the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock valued at $36,000 after buying an additional 1,037 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Confluent by 2,458.2% during the first quarter. Versant Capital Management Inc now owns 1,714 shares of the company’s stock valued at $40,000 after buying an additional 1,647 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of Confluent during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Insider Activity

In other news, CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $24.50, for a total transaction of $5,696,250.00. Following the sale, the chief executive officer owned 452,488 shares in the company, valued at $11,085,956. This represents a 33.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lara Caimi sold 2,864 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $24.10, for a total transaction of $69,022.40. Following the sale, the director owned 4,296 shares in the company, valued at approximately $103,533.60. The trade was a 40.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 486,669 shares of company stock valued at $11,439,593. Company insiders own 13.82% of the company’s stock.

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.