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

New Relic

03/02/2023 23:13

* New Relic Inc  NEWR.N   NEWR.K  is expected to show a rise
in
quarterly revenue when it reports  results on February 7. 
    * The San Francisco California-based  company is expected to
report  a 14.3% increase in revenue to $232.711 million from
$203.59 million a year ago, according to the mean estimate from
14 analysts, based on Refinitiv data. The company's guidance on
November 8 2022, for the period ended December 31, was for
revenue between $230.00 million and $235.00 million.
    * ​Refinitiv's mean analyst estimate for New Relic Inc is
for
earnings of 15 cents per share. The company's EPS guidance on
November 8 2022, for the period ended December 31, was between
$0.14 and $0.17 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 12
"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
$65​, above​ its last closing price of $64.67. ​​​

The company's guidance on November 8 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD9 million and USD11 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  
 Sep. 30 2022  -0.06       -0.06      0.13      Beat    326.1
 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.        -0.13       -0.14      -0.10     Beat    27.4
 30 2021                                                
 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. 31 2020  -0.14       -0.14      -0.14     Met     2.9
 This summary was machine generated February 3 at 23:13 GMT.  All
figures in US dollars  unless otherwise stated