New Relic Inc expected to post a loss of 15  cents a share - Earnings Preview

New Relic

04/02/2022 23:31

* New Relic Inc  NEWR.N   NEWR.K  is expected to show a rise
in
quarterly revenue when it reports  results on February 8. 
    * The San Francisco California-based  company is expected to
report  a 20.4% increase in revenue to $200.354 million from
$166.34 million a year ago, according to the mean estimate from
12 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for New Relic Inc is
for a
loss of 15 cents per share. For the same quarter last year, the
company reported a loss of 14 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for New Relic
Inc is
$120​, about 14.2% above​ its last closing price of $103.02. ​​​
    * 

This summary was machine generated February 4 at 23:31 GMT.  All
figures in US dollars  unless otherwise stated