New Relic (NEWR) Stock Forecast, Price Target & Predictions
NEWR Stock Forecast
New Relic stock forecast is as follows: an average price target of $86.38 (represents a -0.70% downside from NEWR’s last price of $86.99) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
NEWR Price Target
The average price target for New Relic (NEWR) is $86.38 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $150.00 to $55.00. This represents a potential -0.70% downside from NEWR's last price of $86.99.
NEWR Analyst Ratings
According to 11 Wall Street analysts, New Relic's rating consensus is 'Buy'. The analyst rating breakdown for NEWR stock is 1 'Strong Buy' (9.09%), 4 'Buy' (36.36%), 4 'Hold' (36.36%), 2 'Sell' (18.18%), and 0 'Strong Sell' (0.00%).
New Relic Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 01, 2023 | Rishi Jaluria | RBC Capital | $87.00 | $84.00 | 3.58% | 0.01% |
| Feb 08, 2023 | - | RBC Capital | $75.00 | $79.47 | -5.62% | -13.78% |
| Feb 08, 2023 | - | Wedbush | $75.00 | $78.47 | -4.43% | -13.78% |
| Feb 08, 2023 | - | Morgan Stanley | $80.00 | $78.39 | 2.05% | -8.04% |
| Feb 08, 2023 | - | Cowen & Co. | $73.00 | $78.40 | -6.89% | -16.08% |
| Jan 09, 2023 | - | Truist Financial | $55.00 | $56.45 | -2.57% | -36.77% |
| Dec 15, 2022 | - | Wedbush | $68.00 | $62.55 | 8.71% | -21.83% |
| May 13, 2022 | Rob Oliver | Robert W. Baird | $75.00 | $47.82 | 56.84% | -13.78% |
| May 10, 2022 | Joel Fishbein | Truist Financial | $95.00 | $51.30 | 85.19% | 9.21% |
| Feb 08, 2022 | Keith Bachman | BMO Capital | $96.00 | $109.18 | -12.07% | 10.36% |
The latest New Relic stock forecast, released on Aug 01, 2023 by Rishi Jaluria from RBC Capital, set a price target of $87.00, which represents a 3.58% increase from the stock price at the time of the forecast ($84.00), and a 0.01% increase from NEWR last price ($86.99).
New Relic Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $86.99 | $86.99 | $86.99 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of New Relic stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to New Relic's last price of $86.99. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 01, 2023 | RBC Capital | Outperform | Sector Perform | Downgrade |
| May 26, 2023 | Jefferies | - | Buy | Upgrade |
| May 26, 2023 | Citigroup | - | Buy | Upgrade |
| May 26, 2023 | OTR Global | - | Positive | Upgrade |
| May 26, 2023 | William Blair | - | Sell | Downgrade |
| May 26, 2023 | Guggenheim | - | Sell | Downgrade |
| May 26, 2023 | Wolfe Research | - | Peer Perform | Downgrade |
| May 26, 2023 | RBC Capital | Sector Perform | Outperform | Upgrade |
| Feb 09, 2023 | Canaccord Genuity | Buy | Buy | Hold |
| Feb 08, 2023 | RBC Capital | Sector Perform | Sector Perform | Hold |
New Relic's last stock rating was published by RBC Capital on Aug 01, 2023. The company Downgrade its NEWR rating from "Outperform" to "Sector Perform".
New Relic Financial Forecast
New Relic Revenue Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | $242.63M | $242.49M | $239.76M | $226.91M | $216.46M | $205.75M | $203.59M | $195.69M | $180.48M | $172.67M | $166.34M | $166.05M | $162.59M | $159.66M | $153.03M | $145.81M | $141.01M | $132.10M | $124.01M | $114.90M | $108.22M | $98.45M | $91.83M | $84.69M | $80.10M |
| Avg Forecast | $485.51M | $424.82M | $213.39M | $263.92M | $250.58M | $250.42M | $193.99M | $221.53M | $200.43M | $213.17M | $176.36M | $200.49M | $182.21M | $180.48M | $166.78M | $166.34M | $23.72M | $32.52M | $34.21M | $204.04M | $91.13M | $130.87M | $122.60M | $78.32M | $94.79M | $79.36M | $73.10M | $128.56M | $127.03M | $106.80M |
| High Forecast | $533.00M | $466.38M | $256.07M | $267.93M | $253.57M | $274.92M | $232.79M | $243.20M | $240.52M | $255.80M | $193.61M | $220.10M | $200.03M | $198.14M | $183.09M | $182.61M | $26.04M | $35.70M | $37.56M | $224.00M | $100.05M | $143.68M | $134.59M | $85.98M | $104.06M | $87.12M | $80.25M | $141.13M | $139.45M | $117.24M |
| Low Forecast | $437.93M | $383.19M | $170.72M | $259.82M | $248.14M | $225.88M | $155.20M | $199.82M | $160.34M | $170.54M | $159.07M | $180.84M | $164.35M | $162.80M | $150.43M | $150.04M | $21.40M | $29.33M | $30.86M | $184.04M | $82.20M | $118.05M | $110.59M | $70.65M | $85.50M | $71.58M | $65.93M | $115.96M | $114.58M | $96.33M |
| # Analysts | 3 | 3 | 6 | 9 | 12 | 9 | 14 | 6 | 19 | 13 | 11 | 12 | 11 | 10 | 9 | 9 | 8 | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 12 | 11 |
| Surprise % | - | - | - | - | - | 0.97% | 1.25% | 1.08% | 1.13% | 1.02% | 1.17% | 1.02% | 1.07% | 1.00% | 1.04% | 1.00% | 7.00% | 5.00% | 4.67% | 0.75% | 1.60% | 1.08% | 1.08% | 1.58% | 1.21% | 1.36% | 1.35% | 0.71% | 0.67% | 0.75% |
New Relic's average Quarter revenue forecast for Sep 23 based on 12 analysts is $250.58M, with a low forecast of $248.14M, and a high forecast of $253.57M. NEWR's average Quarter revenue forecast represents a 3.28% increase compared to the company's last Quarter revenue of $242.63M (Jun 23).
New Relic EBITDA Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 9 | 12 | 9 | 14 | 6 | 19 | 13 | 11 | 12 | 11 | 10 | 9 | 9 | 8 | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 12 | 11 |
| EBITDA | - | - | - | - | - | $-32.99M | $-36.98M | $-24.21M | $-26.23M | $-36.88M | $-36.37M | $12.74M | $-29.63M | $-54.62M | $-33.05M | $-23.92M | $-18.60M | $-2.27M | $-3.73M | $-1.38M | $9.03M | $6.78M | $4.37M | $9.22M | $10.11M | $9.57M | $-682.00K | $-1.75M | $-8.66M | $-9.95M |
| Avg Forecast | $-31.79M | $-27.82M | $-36.81M | $12.10M | $-44.13M | $-43.39M | $-33.46M | $11.00M | $-40.12M | $-39.45M | $-30.42M | $10.00M | $-36.47M | $-32.51M | $-46.26M | $-23.92M | $-150.68M | $-6.13M | $-8.94M | $-1.72M | $3.97M | $6.26M | $4.04M | $4.23M | $7.96M | $6.09M | $-445.48K | $-4.26M | $-11.55M | $-12.43M |
| High Forecast | $-34.90M | $-30.54M | $-29.45M | $14.51M | $-35.31M | $-34.71M | $-26.77M | $13.19M | $-32.10M | $-31.56M | $-24.34M | $12.00M | $-29.18M | $-26.01M | $-37.01M | $-19.14M | $-120.54M | $-4.90M | $-7.15M | $-1.38M | $4.77M | $7.51M | $4.84M | $5.07M | $9.56M | $7.31M | $-356.38K | $-3.41M | $-9.24M | $-9.95M |
| Low Forecast | $-28.68M | $-25.09M | $-44.17M | $9.68M | $-52.96M | $-52.07M | $-40.15M | $8.80M | $-48.14M | $-47.34M | $-36.50M | $8.00M | $-43.77M | $-39.02M | $-55.52M | $-28.71M | $-180.81M | $-7.35M | $-10.73M | $-2.07M | $3.18M | $5.01M | $3.23M | $3.38M | $6.37M | $4.87M | $-534.58K | $-5.12M | $-13.86M | $-14.92M |
| Surprise % | - | - | - | - | - | 0.76% | 1.11% | -2.20% | 0.65% | 0.94% | 1.20% | 1.27% | 0.81% | 1.68% | 0.71% | 1.00% | 0.12% | 0.37% | 0.42% | 0.80% | 2.27% | 1.08% | 1.08% | 2.18% | 1.27% | 1.57% | 1.53% | 0.41% | 0.75% | 0.80% |
11 analysts predict NEWR's average Quarter EBITDA for Mar 22 to be $-30.42M, with a high of $-24.34M and a low of $-36.50M. This is -338.83% lower than New Relic's previous annual EBITDA (Dec 21) of $12.74M.
New Relic Net Income Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 9 | 12 | 9 | 14 | 6 | 19 | 13 | 11 | 12 | 11 | 10 | 9 | 9 | 8 | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 12 | 11 |
| Net Income | - | - | - | - | - | $-37.43M | $-52.46M | $-26.61M | $-43.51M | $-56.25M | $-56.39M | $-53.59M | $-53.77M | $-78.41M | $-61.68M | $-53.63M | $-47.55M | $-29.76M | $-27.96M | $-27.20M | $-18.61M | $-15.17M | $-16.84M | $-10.10M | $-8.34M | $-5.62M | $-6.97M | $-7.73M | $-14.69M | $-15.93M |
| Avg Forecast | $108.64M | $94.63M | $-57.57M | $-50.89M | $-80.07M | $-70.61M | $-52.34M | $-46.26M | $-72.79M | $-64.19M | $-47.58M | $-42.05M | $-66.18M | $-46.68M | $-86.35M | $-53.63M | $-385.16M | $-80.34M | $-67.10M | $-33.99M | $-8.19M | $-13.99M | $-15.53M | $-4.63M | $-6.57M | $-3.57M | $-4.55M | $-18.88M | $-19.59M | $-19.92M |
| High Forecast | $134.63M | $117.26M | $-46.06M | $-40.71M | $-64.06M | $-56.49M | $-41.87M | $-37.01M | $-58.24M | $-51.36M | $-38.07M | $-33.64M | $-52.94M | $-37.34M | $-69.08M | $-42.90M | $-308.13M | $-64.27M | $-53.68M | $-27.20M | $-6.55M | $-11.20M | $-12.43M | $-3.70M | $-5.25M | $-2.86M | $-3.64M | $-15.10M | $-15.67M | $-15.93M |
| Low Forecast | $99.20M | $86.40M | $-69.09M | $-61.06M | $-96.09M | $-84.74M | $-62.81M | $-55.51M | $-87.35M | $-77.03M | $-57.10M | $-50.46M | $-79.41M | $-56.02M | $-103.62M | $-64.35M | $-462.20M | $-96.41M | $-80.52M | $-40.79M | $-9.83M | $-16.79M | $-18.64M | $-5.56M | $-7.88M | $-4.29M | $-5.46M | $-22.66M | $-23.51M | $-23.90M |
| Surprise % | - | - | - | - | - | 0.53% | 1.00% | 0.58% | 0.60% | 0.88% | 1.19% | 1.27% | 0.81% | 1.68% | 0.71% | 1.00% | 0.12% | 0.37% | 0.42% | 0.80% | 2.27% | 1.08% | 1.08% | 2.18% | 1.27% | 1.57% | 1.53% | 0.41% | 0.75% | 0.80% |
New Relic's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. NEWR's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
New Relic SG&A Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 9 | 12 | 9 | 14 | 6 | 19 | 13 | 11 | 12 | 11 | 10 | 9 | 9 | 8 | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 12 | 11 |
| SG&A | - | - | - | - | - | $140.87M | $168.78M | $138.28M | $138.69M | $143.45M | $139.14M | $133.34M | $127.08M | $146.38M | $126.25M | $122.64M | $119.18M | $114.57M | $117.76M | $112.45M | $103.44M | $99.95M | $93.69M | $86.16M | $78.02M | $72.20M | $69.95M | $65.99M | $65.57M | $63.30M |
| Avg Forecast | $336.60M | $294.53M | $144.31M | $126.62M | $189.25M | $201.63M | $131.19M | $115.11M | $172.05M | $183.30M | $119.27M | $104.64M | $156.41M | $87.14M | $115.63M | $122.64M | $16.45M | $22.54M | $23.72M | $140.57M | $45.51M | $92.21M | $86.43M | $39.49M | $61.47M | $45.94M | $45.69M | $89.13M | $87.42M | $79.13M |
| High Forecast | $369.53M | $323.34M | $173.17M | $151.94M | $227.10M | $241.95M | $157.43M | $138.13M | $206.46M | $219.96M | $143.12M | $125.57M | $187.69M | $104.57M | $126.94M | $147.17M | $18.05M | $24.75M | $26.04M | $168.68M | $54.61M | $110.65M | $103.72M | $47.39M | $73.77M | $55.13M | $54.83M | $97.85M | $104.91M | $94.95M |
| Low Forecast | $303.61M | $265.66M | $115.45M | $101.30M | $151.40M | $161.30M | $104.95M | $92.09M | $137.64M | $146.64M | $95.41M | $83.72M | $125.13M | $69.71M | $104.29M | $98.11M | $14.83M | $20.33M | $21.39M | $112.45M | $36.41M | $73.77M | $69.15M | $31.59M | $49.18M | $36.76M | $36.55M | $80.39M | $69.94M | $63.30M |
| Surprise % | - | - | - | - | - | 0.70% | 1.29% | 1.20% | 0.81% | 0.78% | 1.17% | 1.27% | 0.81% | 1.68% | 1.09% | 1.00% | 7.25% | 5.08% | 4.96% | 0.80% | 2.27% | 1.08% | 1.08% | 2.18% | 1.27% | 1.57% | 1.53% | 0.74% | 0.75% | 0.80% |
New Relic's average Quarter SG&A projection for Sep 23 is $189.25M, based on 12 Wall Street analysts, with a range of $151.40M to $227.10M. The forecast indicates a 34.35% rise compared to NEWR last annual SG&A of $140.87M (Jun 23).
New Relic EPS Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 9 | 12 | 9 | 14 | 6 | 19 | 13 | 11 | 12 | 11 | 10 | 9 | 9 | 8 | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 12 | 11 |
| EPS | - | - | - | - | - | $-0.54 | $-0.76 | $-0.39 | $-0.65 | $-0.85 | $-0.86 | $-0.82 | $-0.84 | $-1.24 | $-0.98 | $-0.88 | $-0.79 | $-0.50 | $-0.47 | $-0.46 | $-0.32 | $-0.26 | $-0.30 | $-0.18 | $-0.15 | $-0.10 | $-0.13 | $-0.14 | $-0.27 | $-0.30 |
| Avg Forecast | $1.54 | $1.34 | $1.58 | $0.46 | $0.39 | $0.31 | $1.43 | $0.16 | $-0.06 | $-0.36 | $-0.21 | $-0.13 | $-0.13 | $-0.39 | $-0.46 | $-0.15 | $-0.01 | $0.03 | $0.03 | $0.12 | $0.15 | $0.08 | $0.06 | $0.13 | $0.12 | $0.11 | $0.05 | $-0.08 | $-0.10 | $-0.13 |
| High Forecast | $1.91 | $1.66 | $1.95 | $0.57 | $0.51 | $0.38 | $1.77 | $0.20 | $-0.07 | $-0.45 | $-0.26 | $-0.16 | $-0.16 | $-0.48 | $-0.57 | $-0.19 | $-0.01 | $0.04 | $0.04 | $0.15 | $0.19 | $0.10 | $0.07 | $0.16 | $0.15 | $0.14 | $0.06 | $-0.10 | $-0.12 | $-0.16 |
| Low Forecast | $1.41 | $1.23 | $1.44 | $0.42 | $0.33 | $0.28 | $1.30 | $0.15 | $-0.05 | $-0.33 | $-0.19 | $-0.12 | $-0.12 | $-0.36 | $-0.42 | $-0.14 | $-0.01 | $0.03 | $0.03 | $0.11 | $0.14 | $0.07 | $0.05 | $0.12 | $0.11 | $0.10 | $0.05 | $-0.07 | $-0.09 | $-0.12 |
| Surprise % | - | - | - | - | - | -1.74% | -0.53% | -2.44% | 10.83% | 2.36% | 4.10% | 6.31% | 6.46% | 3.18% | 2.13% | 5.87% | 92.29% | -14.68% | -13.87% | -3.83% | -2.13% | -3.25% | -5.00% | -1.38% | -1.25% | -0.91% | -2.60% | 1.75% | 2.70% | 2.31% |
According to undefined Wall Street analysts, New Relic's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to NEWR previous annual EPS of $NaN (undefined).
New Relic Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| STNE | StoneCo | $10.97 | $24.83 | 126.34% | Buy |
| PAGS | PagSeguro Digital | $8.34 | $16.81 | 101.56% | Buy |
| PATH | UiPath | $12.77 | $25.53 | 99.92% | Hold |
| OKTA | Okta | $74.45 | $117.49 | 57.81% | Hold |
| DLO | DLocal | $9.00 | $11.20 | 24.44% | Hold |
| ZS | Zscaler | $188.76 | $232.54 | 23.19% | Buy |
| VMW | VMware | $142.48 | $149.13 | 4.67% | Hold |
| CRWD | CrowdStrike | $310.34 | $321.14 | 3.48% | Buy |
| NEWR | New Relic | $86.99 | $86.38 | -0.70% | Buy |
| NTNX | Nutanix | $64.36 | $63.15 | -1.88% | Buy |
| PANW | Palo Alto Networks | $376.15 | $314.75 | -16.32% | Buy |
NEWR Forecast FAQ
Is New Relic a good buy?
Yes, according to 11 Wall Street analysts, New Relic (NEWR) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 4 'Buy' recommendations, accounting for 45.45% of NEWR's total ratings.
What is NEWR's price target?
New Relic (NEWR) average price target is $86.38 with a range of $55 to $150, implying a -0.70% from its last price of $86.99. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will New Relic stock go up soon?
According to Wall Street analysts' prediction for NEWR stock, the company can go down by -0.70% (from the last price of $86.99 to the average price target of $86.38), up by 72.43% based on the highest stock price target, and down by -36.77% based on the lowest stock price target.
Can New Relic stock reach $130?
NEWR's highest twelve months analyst stock price target of $150 supports the claim that New Relic can reach $130 in the near future.
What are New Relic's analysts' financial forecasts?
NEWR's analysts financial forecasts for the fiscal year (Mar 2024) are as follows: average revenue is $978.32M (high $1.05B, low $904.55M), average EBITDA is $-112M (high $-84.951M, low $-140M), average net income is $-259M (high $-207M, low $-311M), average SG&A $661.81M (high $794.17M, low $529.45M), and average EPS is $2.74 (high $3.42, low $2.47).
Did the NEWR's actual financial results beat the analysts' financial forecasts?
Based on New Relic's last annual report (Mar 2023), the company's revenue was $925.63M, beating the average analysts forecast of $829.13M by 11.64%. Apple's EBITDA was $-108M, beating the average prediction of $-102M by 5.46%. The company's net income was $-179M, missing the average estimation of $-236M by -24.09%. Apple's SG&A was $589.19M, missing the average forecast of $601.65M by -2.07%. Lastly, the company's EPS was $-2.64, missing the average prediction of $1.17 by -325.85%. In terms of the last quarterly report (Jun 2023), New Relic's revenue was $242.63M, missing the average analysts' forecast of $250.42M by -3.11%. The company's EBITDA was $-32.99M, missing the average prediction of $-43.392M by -23.97%. New Relic's net income was $-37.431M, missing the average estimation of $-70.614M by -46.99%. The company's SG&A was $140.87M, missing the average forecast of $201.63M by -30.13%. Lastly, the company's EPS was $-0.54, missing the average prediction of $0.31 by -274.19%