Analysts See $-0.15 EPS for New Relic, Inc. (NEWR) on May, 8

April 16, 2018 - By Mary Markley

New Relic, Inc. (NYSE:NEWR) Corporate Logo

New Relic, Inc. (NYSE:NEWR)’s earnings report is anticipated by WallStreet on May, 8, Faxor reports. Analysts forecast $-0.15 EPS. That’s $0.11 up or 42.31 % from 2017’s earnings of $-0.26. Wall Street predicts 15.38 % negative EPS growth as of May, 8. On during the last trading session the stock decreased $0.19 or 0.26%, reaching $72.94.Currently New Relic, Inc. is uptrending after 104.05% change in last April 17, 2017. NEWR has also 371,177 shares volume. NEWR outperformed by 92.50% the S&P500.

New Relic, Inc. (NYSE:NEWR) Ratings Coverage

In total 13 analysts cover New Relic Inc (NYSE:NEWR). “Buy” rating has 9, “Sell” are 0, while 4 are “Hold”. 69% are bullish. 19 are the (NYSE:NEWR)’s analyst reports since October 23, 2017 according to StockzIntelligence Inc. The company rating was maintained by KeyBanc Capital Markets on Monday, March 19. On Wednesday, November 8 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Friday, January 12 the firm has “Hold” rating by BMO Capital Markets given. On Wednesday, November 29 Cowen & Co maintained New Relic, Inc. (NYSE:NEWR) rating. Cowen & Co has “Buy” rating and $62.0 target. On Wednesday, November 8 KeyBanc Capital Markets maintained the shares of NEWR in report with “Overweight” rating. On Monday, October 23 Needham initiated the shares of NEWR in report with “Buy” rating. On Tuesday, February 6 the stock of New Relic, Inc. (NYSE:NEWR) earned “Buy” rating by Robert W. Baird. On Wednesday, February 7 Stephens maintained the shares of NEWR in report with “Buy” rating. On Tuesday, December 12 J.P. Morgan downgraded New Relic, Inc. (NYSE:NEWR) to “Hold” rating. In Wednesday, February 7 report Guggenheim maintained it with “Buy” rating and $65.0 target.

New Relic, Inc., a software-as-a-service company, provides digital intelligence products worldwide.The company has $4.04 billion market cap. The company??s cloud platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data.Last it reported negative earnings. It provides New Relic Application Performance Management that offers visibility into the performance and usage of server applications, such as data pertaining to response time, transaction throughput, error rates, transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser, a product that monitors the page view experiences of actual end-users for desktop and mobile browser applications.

New Relic, Inc. (NYSE:NEWR) Analyst Ratings Chart

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