Confluent Sees Q4 Adj. EPS $0.05, Subscription Revenue $245M-$246M; Sees FY24 Adj. EPS $0.25, Subscription Revenue $916.5M-$917.5M
Portfolio Pulse from Benzinga Newsdesk
Confluent has provided its financial guidance for Q4 and FY24. The company expects an adjusted EPS of $0.05 for Q4 and subscription revenue between $245M and $246M. For FY24, Confluent anticipates an adjusted EPS of $0.25 and subscription revenue ranging from $916.5M to $917.5M.
October 30, 2024 | 8:41 pm
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Confluent has released its financial projections for Q4 and FY24, indicating stable growth in subscription revenue and adjusted EPS.
The guidance suggests positive growth in both EPS and subscription revenue, which is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100