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

New Relic

23/05/2023 22:37

* New Relic Inc  NEWR.N  reported quarterly adjusted
earnings of
42 cents​​ per share for the quarter ended in March. The mean
expectation of sixteen analysts for the quarter was for earnings
of 22 cents per share.
    * Revenue rose 17.9% to $242.49 million from a year ago;
analysts
expected $241.10 million. 
    * New Relic Inc's reported EPS for the quarter was a loss
of 83
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.9%
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 10.9% this quarter and
gained 47.9% so far this year.
    * The company reported a quarterly loss of $57.23 million.
    * Wall Street's median 12-month price target for New Relic
Inc is
$84.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
23 at 09:37 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.22           0.42           Beat
 Dec. 31 2022      0.15           0.32           Beat
 Sep. 30 2022      -0.06          0.13           Beat
 Jun. 30 2022      -0.36          -0.26          Beat