Confluent Sees Q4 2023 Adj. EPS $0.05 Vs $0.05 Est.; Revenue $204M-$205M Vs $212.6M Est.
Portfolio Pulse from Benzinga Newsdesk
Confluent has projected its Q4 2023 adjusted EPS to be $0.05, which is in line with estimates. However, the company's revenue forecast of $204M-$205M falls short of the estimated $212.6M.
November 01, 2023 | 9:03 pm
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NEGATIVE IMPACT
Confluent's Q4 2023 revenue forecast is lower than estimates, which could negatively impact investor sentiment.
Confluent's lower-than-expected revenue forecast for Q4 2023 could lead to a negative market reaction, as it indicates potential underperformance. This could result in downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100