GitLab Inc reports results for the quarter ended April 30 - Earnings Summary

• GitLab Inc GTLB.OQ reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of twenty six analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 14 cents to 17 cents per share.

• Revenue rose 26.8% to $214.51 million from a year ago; analysts expected $213.16 million.

• GitLab Inc's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $35.88 million.

• GitLab Inc shares had risen by 3.5% this quarter and lost 13.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "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 $72.00

This summary was machine generated from LSEG data June 10 at 09:01 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)