New Relic, Inc. (NYSE:NEWR) is set to announce first quarter earning results on Tuesday 4th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, NEWR to report 1Q21 income of $ 0.03 per share from revenue of $ 159.40 million.
For the full year, analysts anticipate top line of $ 669.34 million, while looking forward to income of $ 0.13 per share bottom line.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 158.00 million ~ $ 160.00 million
Click Here For More Historical Outlooks Of New Relic, Inc.
Previous Quarter Performance
New Relic, Inc. communicated income for the fourth quarter of $ 0.14 per share, from the revenue of $ 159.66 million. The quarterly earnings surged 7.69 percent while revenues increased 20.86 percent compared with the same quarter last year.
Street analysts expected New Relic, Inc. to report income of $ 0.03 per share on revenue of $ 153.48 million for the fourth quarter. The bottom line results beat street analysts by $ 0.11 or 366.67 percent, at the same time, top line results outshined analysts by $ 6.18 million or 4.03 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of New Relic, Inc.
Stock Performance
According to the previous trading day, closing price of NEWR was $ 71.43, representing a 113.29 % increase from the 52 week low of $ 33.49 and a 16.99 % decrease over the 52 week high of $ 86.05.
The company has a market capital of $ 4.30 billion and is part of the Technology sector and Software – Infrastructure industry.
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Recent Analyst recommendations
- On 11th June 2020, maintained by SunTrust Robinson Humphrey at Buy rating, with $ 80.00 target price.
Conference Call
New Relic, Inc. will be hosting a conference call at 5:00 PM eastern time on 4th August 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.newrelic.com
New Relic, Inc., a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Monitoring that provides visibility into the performance and usage of server-based applications, including data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.
