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

Published on December 05, 2022 02:01 PM PST

GitLab Inc reports results for the quarter ended in October - Earnings Summary — Image source: ©2022 Kalkine Media®

* GitLab Inc reported a quarterly adjusted loss of 10 cents per share for the quarter ended in October. The mean expectation of fourteen analysts for the quarter was for a loss of 15 cents per share. * Revenue rose 69.2% to $113.00 million from a year ago; analysts expected $106.05 million. * GitLab Inc's reported EPS for the quarter was a loss of 33 cents. * The mean earnings estimate of analysts had risen by about 37.7% in the last three months. * In the last 30 days there have been no earnings estimate revisions by analysts covering the company. * GitLab Inc shares had fallen by 19.4% this quarter and lost 52.6% so far this year. * The company reported a quarterly loss of $48.46 million. * Wall Street's median 12-month price target for GitLab Inc is $64.00 * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." This summary was machine generated from Refinitiv data December 5 at 10:01 p.m. All figures in US dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Oct. 31 2022 -0.15 -0.10 Beat Jul. 31 2022 -0.23 -0.15 Beat Apr. 30 2022 -0.27 -0.18 Beat Jan. 31 2022 -0.25 -0.16 Beat

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