GitLab's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
GitLab (NASDAQ:GTLB) is set to release its latest quarterly earnings report on Tuesday, 2023-09-05. Analysts estimate an earnings per share (EPS) of $-0.03. Last quarter, GitLab beat EPS by $0.08, resulting in a 31.19% increase in share price the next day. Shares of GitLab were trading at $47.37 as of August 31, with a 52-week increase of 3.73%.
September 04, 2023 | 2:01 pm
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GitLab's upcoming earnings report could potentially impact its stock price. Last quarter's EPS beat led to a significant share price increase.
The upcoming earnings report is a significant event for GitLab. Given the company's history of beating EPS estimates and the subsequent positive impact on its share price, there is potential for a similar outcome this quarter. However, it's also important to note that the company's guidance for future growth can also significantly affect the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100