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

New Relic

08/11/2022 22:46

* New Relic Inc  NEWR.N  reported quarterly adjusted
earnings of
13 cents​​ per share for the quarter ended in September. The
mean expectation of fourteen analysts for the quarter was for a
loss of 6 cents per share.
    * Revenue rose 16% to $226.91 million from a year ago;
analysts
expected $221.53 million. 
    * New Relic Inc's reported EPS for the quarter was a loss
of 70
cents​.
    * The mean earnings estimate of analysts had risen by
about 11.2%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * New Relic Inc shares had fallen by 11.6% this quarter and
lost 53.9% so far this year.
    * The company reported a quarterly loss of $46.78 million.
    * Wall Street's median 12-month price target for New Relic
Inc is
$70.00 
    * 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." 

This summary was machine generated from Refinitiv data November
8 at 10:46 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.06          0.13           Beat
 Jun. 30 2022      -0.36          -0.26          Beat
 Mar. 31 2022      -0.21          -0.24          Missed
 Dec. 31 2021      -0.15          -0.18          Missed