Confluent Sees Q1 2024 Revenue $211M-$212M Vs $210.55M Estimate; Sees Adj. EPS $0.00-$0.02 Vs $0.02 Estimate
Portfolio Pulse from Benzinga Newsdesk
Confluent projects its Q1 2024 revenue to be between $211M and $212M, slightly above the $210.55M estimate. The company also forecasts its adjusted EPS to range from $0.00 to $0.02, compared to the estimated $0.02.
February 07, 2024 | 10:14 pm
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NEUTRAL IMPACT
Confluent expects Q1 2024 revenue to surpass estimates slightly and adjusted EPS to be in line or slightly below expectations.
Confluent's revenue forecast slightly exceeding expectations could be seen as a positive signal, potentially leading to a neutral to slightly positive short-term impact on its stock price. However, the adjusted EPS being potentially lower than expected could temper any positive market reaction, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100