New Relic Inc expected to post a loss of 6 cents a share - Earnings Preview

New Relic

05/11/2022 03:19

* New Relic Inc  NEWR.N   NEWR.K  is expected to show a rise
in
quarterly revenue when it reports  results on November 8. 
    * The San Francisco California-based  company is expected to
report  a 13.2% increase in revenue to $221.525 million from
$195.69 million a year ago, according to the mean estimate from
13 analysts, based on Refinitiv data. The company's guidance on
August 4 2022, for the period ended September 30, was for
revenue between $219.00 million and $224.00 million.
    * ​Refinitiv's mean analyst estimate for New Relic Inc is
for a
loss of 6 cents per share. The company's EPS guidance on August
4 2022, for the period ended September 30, was between USD-0.07
and USD-0.04 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"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
$70​, above​ its last closing price of $52.96. ​​​

The company's guidance on August 4 2022 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD-5 million and USD-3 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  -0.36       -0.36      -0.26     Beat    27
 Mar. 31 2022  -0.21       -0.21      -0.24     Missed  -15.2
 Dec. 31 2021  -0.15       -0.15      -0.18     Missed  -17​
 Sep. 30 2021  -0.13       -0.14      -0.10     Beat    27.4
 ​​Jun.        -0.37       -0.38      -0.25     Beat    33.6
 30 2021                                                
 Mar. 31 2021  -0.45       -0.45      -0.27     Beat    40.5​
 Dec. 31 2020  -0.14       -0.14      -0.14     Met     2.9
 Sep. 30 2020  0.02        0.01       -0.07     Missed  -717.8
 This summary was machine generated November 5 at 03:18 GMT.  All
figures in US dollars  unless otherwise stated