FY2025 Earnings Estimate for Confluent Issued By DA Davidson

Key Points

• DA Davidson has lowered its FY2025 earnings per share estimate for Confluent to (0.64), down from an earlier estimate of (0.63), while maintaining a "Buy" rating and a $24.00 price target.
• Confluent reported a quarterly revenue increase of 20.1% year-over-year, totaling $282.29 million, exceeding analysts' expectations.
• The stock currently holds an average rating of "Moderate Buy" among analysts with a target price of $27.54, despite recent downward adjustments from several research firms.

Confluent, Inc. (NASDAQ:CFLT - Free Report) - Analysts at DA Davidson dropped their FY2025 earnings per share (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 per share of ($0.64) for the year, down from their previous forecast of ($0.63). DA Davidson 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $282.29 million during the quarter, compared to the consensus estimate of $278.32 million. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%. The company's quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS.

A number of other equities research analysts also recently issued reports on CFLT. Needham & Company LLC reduced their price target on shares of Confluent from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Cowen lowered Confluent from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Loop Capital lowered their price target on Confluent from $30.00 to $22.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI lowered their price objective on shares of Confluent from $29.00 to $28.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, Canaccord Genuity Group lowered their target price on Confluent from $38.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $27.36.

Confluent Trading Up 0.5%

NASDAQ CFLT traded up $0.09 during trading hours on Monday, reaching $17.24. The company had a trading volume of 7,949,487 shares, compared to its average volume of 6,344,609. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $5.87 billion, a P/E ratio of -18.34 and a beta of 0.96. The stock has a 50-day moving average of $24.13 and a 200 day moving average of $25.22. Confluent has a 1-year low of $16.56 and a 1-year high of $37.90.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cloud Capital Management LLC acquired a new position in Confluent in the 1st quarter valued at about $26,000. Credit Industriel ET Commercial acquired a new position in shares of Confluent in the 4th quarter valued at $28,000. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 1,037 shares during the period. Versant Capital Management Inc grew its holdings in shares of Confluent by 2,458.2% during the 1st quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock worth $40,000 after purchasing an additional 1,647 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in Confluent during the first quarter worth approximately $43,000. 78.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Rohan Sivaram sold 27,710 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $21.83, for a total transaction of $604,909.30. Following the transaction, the chief financial officer directly owned 673,693 shares of the company's stock, valued at $14,706,718.19. This represents a 3.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Neha Narkhede sold 20,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $22.82, for a total transaction of $456,400.00. Following the completion of the transaction, the director directly owned 20,247 shares of the company's stock, valued at approximately $462,036.54. This trade represents a 49.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 486,669 shares of company stock valued at $11,439,593 over the last three months. 13.82% of the stock is currently owned by corporate insiders.

Confluent Company Profile

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.