Nucor earnings beat by $0.08, revenue fell short of estimates
On Friday, Cantor Fitzgerald reaffirmed its Overweight rating on GitLab Inc (NASDAQ:GTLB) with a steady price target of $70.00, well above the current trading price of $49.29. The firm’s analysts project a long-term growth trajectory for the company, underpinned by the adoption of its Ultimate tier, expansion through its Duo program, and an increase in large customer acquisitions. According to InvestingPro data, GitLab has demonstrated impressive growth with revenue increasing by 31% over the last twelve months, supported by robust gross profit margins of 89%.
Cantor Fitzgerald’s expectations for GitLab’s F1Q26 earnings include revenue estimated at $212.6 million, slightly above the company’s own guidance range of $212.0 million to $213.0 million and on par with the FactSet consensus of $213.0 million. The forecast for billings stands at $207.5 million, which falls below the consensus estimate of $209.9 million. Earnings per share (EPS) are anticipated to match the upper end of GitLab’s guidance and the consensus at $0.15. InvestingPro analysis reveals that while GitLab wasn’t profitable in the last twelve months, analysts expect positive earnings this year, with a projected EPS of $0.75 for fiscal 2026.
Looking ahead to the full fiscal year 2026, Cantor’s analysts estimate that GitLab will generate revenue of $942.2 million, which is within the range of GitLab’s guidance of $936.0 million to $942.0 million and slightly higher than the consensus estimate of $939.4 million. Billings are expected to reach $1,077.8 million, surpassing the consensus estimate of $1,061.6 million. The EPS forecast is set at $0.72, aligning with the top end of the company’s guidance and the consensus figure.
These projections reflect Cantor Fitzgerald’s confidence in GitLab’s financial performance and its potential for continued growth in the technology sector. The company’s focus on expanding its customer base and enhancing its product offerings appears to be at the core of Cantor’s positive outlook.
In other recent news, GitLab Inc has reported strong financial results and received positive evaluations from several analyst firms. GitLab’s fourth-quarter performance exceeded expectations, with a notable revenue growth of 29%, surpassing the anticipated 26% by analysts. The company’s projections for fiscal year 2026 suggest a growth rate of 23-24%, aligning with market expectations. Analysts from firms like TD Cowen, Piper Sandler, and RBC Capital Markets have maintained optimistic ratings, with price targets ranging from $80 to $90, citing GitLab’s strategic initiatives and robust financial performance.
BofA Securities reiterated a Buy rating, pointing to GitLab’s projected 24% year-over-year revenue growth by FY26/CY25, driven by innovative products like Duo and AI advancements. Meanwhile, RBC Capital Markets emphasized GitLab’s strong year-end performance, surpassing revenue and earnings expectations. GitLab’s strategic hires, including a new Chief Revenue Officer and board member David Henshall, are expected to support its growth trajectory.
KeyBanc Capital Markets also maintained an Overweight rating, highlighting the company’s successful large deals and product traction, particularly with Duo. Piper Sandler expressed confidence in GitLab’s future prospects, noting the company’s solid execution and strategic growth initiatives. These developments reflect a general consensus among analysts regarding GitLab’s potential for continued success in the competitive software development industry.
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