New Relic Inc expected to post a loss of 21  cents a share - Earnings Preview

New Relic

10/05/2022 23:15

* New Relic Inc  NEWR.N   NEWR.K  is expected to show a rise
in
quarterly revenue when it reports  results on May 12. 
    * The San Francisco California-based  company is expected to
report  a 18.4% increase in revenue to $204.524 million from
$172.67 million a year ago, according to the mean estimate from
11 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for New Relic Inc is
for a
loss of 21 cents per share. For the same quarter last year, the
company reported a loss of 27 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 8
"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
$95.5​, above​ its last closing price of $50.49. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  -0.15       -0.15      -0.18     Missed  -17
 Sep. 30 2021  -0.13       -0.14      -0.10     Beat    27.4
 Jun. 30 2021  -0.37       -0.38      -0.25     Beat    33.6​
 Mar. 31 2021  -0.45       -0.45      -0.27     Beat    40.5
 ​​Dec.        -0.14       -0.14      -0.14     Met     2.9
 31 2020                                                
 Sep. 30 2020  0.02        0.01       -0.07     Missed  -717.8
                                                        ​
 Jun. 30 2020  0.03        0.03       0.15      Beat    340.3
 Mar. 31 2020  0.03        0.03       0.14      Beat    313.2
 This summary was machine generated May 10 at 22:15 GMT.  All
figures in US dollars  unless otherwise stated