Asana Inc reports results for the quarter ended October 31 - Earnings Summary

Reuters
2024-12-06
Asana Inc reports results for the quarter ended October 31 - Earnings Summary
  • Asana Inc ASAN.N reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of sixteen analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -7 cents to -6 cents per share.

  • Revenue rose 10.4% to $183.88 million from a year ago; analysts expected $180.67 million.

  • Asana Inc's reported EPS for the quarter was a loss of 25 cents​.

  • The company reported a quarterly loss of $57.33 million.

  • Asana Inc shares had risen by 36.6% this quarter and lost 16.7% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

  • In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 10 "hold" and 3 "sell" or "strong sell."

  • The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for Asana Inc is $13.00

This summary was machine generated from LSEG data December 5 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Oct. 31 2024

-0.07

-0.02

Beat

Jul. 31 2024

-0.08

-0.05

Beat

Apr. 30 2024

-0.08

-0.06

Beat

Jan. 31 2024

-0.10

-0.04

Beat

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