New Relic Inc expected to post earnings of 22  cents a share - Earnings Preview

New Relic

19/05/2023 21:12

* New Relic Inc  NEWR.N   NEWR.K  is expected to show a rise
in
quarterly revenue when it reports  results on May 23. 
    * The San Francisco California-based  company is expected to
report  a 17.2% increase in revenue to $241.096 million from
$205.75 million a year ago, according to the mean estimate from
15 analysts, based on Refinitiv data. The company's guidance on
February 7 2023, for the period ended March 31, was for revenue
between $240.00 million and $242.00 million.
    * ​Refinitiv's mean analyst estimate for New Relic Inc is
for
earnings of 22 cents per share. The company's EPS guidance on
February 7 2023, for the period ended March 31, was between
$0.20 and $0.23 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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
$84​, below​ its last closing price of $84.95. ​​​

The company's guidance on February 7 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD12 million and USD14 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  
 Dec. 31 2022  0.15        0.15       0.32      Beat    111.5
 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.        -0.15       -0.15      -0.18     Missed  -17
 31 2021                                                
 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
 This summary was machine generated May 19 at 20:12 GMT.  All
figures in US dollars  unless otherwise stated