GitLab Inc. Class A shares are expected to swing roughly 14% when the software company reports third-quarter results after U.S. markets close on September 1, according to options data tracked by Bloomberg.
The projected volatility aligns with the average implied move for GitLab’s prior eight earnings announcements, though actual price changes have often fallen short of expectations. In the most recent report on March 3, the stock rose 4.2%, undershooting the 13.3% implied move. The company’s June 2 earnings release saw a 15.7% gain, exceeding the 13.7% forecast, while the September 3, 2024 report delivered a 14.9% move against a 14.0% expectation.
Historical comparisons show that GitLab’s shares have beaten options-implied volatility in two of the last eight earnings reports, with the remaining six instances falling below expectations. The options market’s current 14% forecast suggests investors are pricing in significant uncertainty around the upcoming results, which will include updated guidance and revenue figures for the quarter.
