Data streaming platform provider Confluent (NASDAQ:CFLT) will be announcing earnings results this Wednesday after market close. Here’s what to expect.
Confluent beat analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $298.5 million, up 19.3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ billings estimates but full-year revenue guidance missing analysts’ expectations significantly. It added 48 enterprise customers paying more than $100,000 annually to reach a total of 1,487.
Is Confluent a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Confluent’s revenue to grow 17.9% year on year to $307.9 million, slowing from the 22.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Confluent has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.3% on average.
Looking at Confluent’s peers in the data and analytics software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Palantir Technologies delivered year-on-year revenue growth of 70%, beating analysts’ expectations by 4.9%, and Strategy reported revenues up 1.9%, topping estimates by 0.6%. Palantir Technologies traded up 6.8% following the results while Strategy was also up 24.9%.
Read our full analysis of Palantir Technologies’s results here and Strategy’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. Unfortunately, data and analytics software stocks have struggled in this environment as share prices are down 17.9% on average over the last month. Confluent’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $30.89 (compared to the current share price of $30.52).
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