Earnings Preview: New Relic
Portfolio Pulse from Benzinga Insights
New Relic (NYSE:NEWR) is set to release its latest quarterly earnings report on Tuesday, 2023-05-23, with analysts estimating an EPS of $0.22. The company's historical earnings performance shows a pattern of beating estimates, and its stock has experienced an 81.99% increase over the last 52-week period.
May 22, 2023 | 3:05 pm
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New Relic is expected to report an EPS of $0.22 for its upcoming earnings release. The company has a history of beating estimates, and its stock has seen an 81.99% increase over the last 52 weeks.
New Relic has a history of beating earnings estimates, which has positively impacted its stock price in the past. Given the 81.99% increase in its stock over the last 52 weeks, it is likely that a positive earnings report will continue to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100