GitLab Inc reports results for the quarter ended October 31 - Earnings Summary

GitLab

05/12/2024 22:01

* GitLab Inc  GTLB.OQ  reported quarterly adjusted earnings
of 23
cents​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of 9
cents.  The mean expectation of twenty five analysts for the
quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 15 cents to 16 cents per share.
    * Revenue rose 31% to $196.05 million from a year ago;
analysts
expected $187.93 million. 
    * GitLab Inc's reported EPS for the quarter was 18 cents​.
    * The company reported quarterly net income of $29.57
million.
    * GitLab Inc shares had risen by 29.1% this quarter and
gained 5.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 25 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for GitLab Inc is
$70.00 
This summary was machine generated from LSEG data December 5 at
10:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      0.16           0.23           Beat
 Jul. 31 2024      0.10           0.15           Beat
 Apr. 30 2024      -0.04          0.03           Beat
 Jan. 31 2024      0.08           0.15           Beat