New Relic NEWR reported its Q1 earnings results on Thursday, August 4, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
New Relic beat estimated earnings by 27.78%, reporting an EPS of $-0.26 versus an estimate of $-0.36.
Revenue was up $35.98 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 2.55% drop in the share price the next day.
Here's a look at New Relic's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.21 | -0.15 | -0.13 | -0.37 |
| EPS Actual | -0.24 | -0.18 | -0.10 | -0.25 |
| Revenue Estimate | 204.52M | 200.49M | 182.21M | 172.03M |
| Revenue Actual | 205.75M | 203.59M | 195.69M | 180.48M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
New Relic management provided guidance for FY 2023, expecting earnings between $0.1 and $0.17 per share.
To track all earnings releases for New Relic visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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