Gitlab (US:GTLB) ZACKSยท2025-06-10 22:11Core Insights - GitLab Inc. reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and showing significant growth from $0.03 per share a year ago, resulting in an earnings surprise of 112.50% [1] - The company posted revenues of $732.4 million for the quarter ended April 2025, which was 2.35% below the Zacks Consensus Estimate, but a substantial increase from $169.19 million year-over-year [2] - GitLab has surpassed consensus EPS estimates in all four of the last quarters and has topped revenue estimates three times during the same period [2] Earnings Outlook - The sustainability of GitLab's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $225.27 million, while for the current fiscal year, the estimate is $0.70 on revenues of $936.51 million [7] Industry Context - The Internet - Software industry, to which GitLab belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]