GitLab Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
GitLab Inc. (NASDAQ:GTLB) is set to release its Q4 earnings on March 4, 2024, with analysts forecasting an EPS of 8 cents, up from a loss of 3 cents a year ago, and revenue of $158.21 million, up from $122.91 million. The company recently appointed Sabrina Farmer as CTO. Shares rose 1.7% to $73.31. Analysts from Truist Securities, DA Davidson, Mizuho, Goldman Sachs, and RBC Capital have provided ratings and adjusted price targets.
March 04, 2024 | 3:10 pm
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POSITIVE IMPACT
GitLab Inc. is anticipated to report positive Q4 earnings with significant year-over-year growth. The appointment of a new CTO and recent analyst ratings and price target adjustments suggest a positive outlook.
The expected positive earnings report, combined with the appointment of a new CTO and recent positive analyst ratings and price target adjustments, indicate a strong short-term bullish sentiment for GTLB. The year-over-year growth in earnings and revenue, along with the stock's recent performance, further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100