Confluent Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Confluent (NASDAQ:CFLT) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$235.0m (up 24% from 2Q 2023).
• Net loss: US$89.9m (loss narrowed by 13% from 2Q 2023).
• US$0.28 loss per share (improved from US$0.35 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Confluent Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 17% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Confluent that you should be aware of before investing here.

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