Data streaming platform provider Confluent (NASDAQ: CFLT) will be reporting results this Monday after market hours. Here’s what investors should know.

Confluent beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $282.3 million, up 20.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ billings estimates but full-year revenue guidance missing analysts’ expectations significantly.

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 16.9% year on year to $292.5 million, slowing from the 25% 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 2.4% on average.

With Confluent being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for data and analytics software stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Confluent is up 15.4% during the same time and is heading into earnings with an average analyst price target of $25.33 (compared to the current share price of $22.83).

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