GitLab Earnings Preview
Portfolio Pulse from Benzinga Insights
GitLab (NASDAQ:GTLB) is scheduled to release its quarterly earnings report on Monday, 2024-03-04, with analysts expecting an EPS of $0.08. The company's past performance shows a pattern of beating EPS estimates, leading to significant share price movements. Last quarter, GitLab beat the EPS estimate by $0.10, resulting in an 11.45% share price increase the following day. Over the last 52-week period, GitLab shares have risen by 42.94%, indicating a positive outlook among long-term shareholders.
March 01, 2024 | 2:00 pm
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GitLab is expected to report an EPS of $0.08 for the upcoming quarter. Historical data shows the company has a track record of beating EPS estimates, which has previously resulted in positive share price movements. With shares up 42.94% over the last year, investor sentiment appears bullish.
Given GitLab's history of beating EPS estimates and the subsequent positive impact on its share price, there is a strong likelihood of a positive short-term price movement, especially if the company beats the EPS estimate again and provides positive guidance for the future.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100