New Relic Inc reports results for the quarter ended in December - Earnings Summary

New Relic

07/02/2023 22:02

* New Relic Inc  NEWR.N  reported quarterly adjusted
earnings of
32 cents​​ per share for the quarter ended in December. The mean
expectation of fifteen analysts for the quarter was for earnings
of 15 cents per share.
    * Revenue rose 17.8% to $239.76 million from a year ago;
analysts
expected $232.71 million. 
    * New Relic Inc's reported EPS for the quarter was a loss
of 38
cents​.
    * The mean earnings estimate of analysts had risen by
about 9.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * New Relic Inc shares had risen by 12.7% this quarter.
    * The company reported a quarterly loss of $26.01 million.
    * Wall Street's median 12-month price target for New Relic
Inc is
$65.00 
    * 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." 

This summary was machine generated from Refinitiv data February
7 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.15           0.32           Beat
 Sep. 30 2022      -0.06          0.13           Beat
 Jun. 30 2022      -0.36          -0.26          Beat
 Mar. 31 2022      -0.21          -0.24          Missed