GitLab Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Earnings Report - GitLab Inc. is set to release its first-quarter earnings results on June 10, with expected earnings of 15 cents per share, an increase from 3 cents per share in the same period last year [1] - The projected quarterly revenue for GitLab is $213.21 million, compared to $169.19 million a year earlier [1] Recent Performance - On March 3, GitLab reported quarterly earnings of 33 cents per share, surpassing the analyst consensus estimate of 23 cents [2] - GitLab shares experienced a slight decline of 0.3%, closing at $48.64 on the preceding Monday [2] Analyst Ratings - Wells Fargo analyst Michael Turrin maintained an Overweight rating but reduced the price target from $85 to $65 [4] - Keybanc analyst Eric Heath also maintained an Overweight rating, lowering the price target from $80 to $60 [4] - DA Davidson analyst Gil Luria kept a Neutral rating and cut the price target from $60 to $45 [4] - Truist Securities analyst Joel Fishbein maintained a Buy rating while slashing the price target from $90 to $80 [4] - JP Morgan analyst Pinjalim Bora maintained a Neutral rating and reduced the price target from $65 to $62 [4]