Asana Inc reports results for the quarter ended in April - Earnings Summary

Asana

30/05/2024 22:21

* Asana Inc  ASAN.N  reported a quarterly adjusted loss of 6
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of fifteen analysts for the quarter
was for a loss of 8 cents per share. Wall Street expected
results to range from -9 cents to -7 cents per share.
    * Revenue rose 13.1% to $172.45 million from a year ago;
analysts
expected $168.73 million. 
    * Asana Inc's reported EPS for the quarter was a loss of 28
cents​.
    * The company reported a quarterly loss of $63.72 million.
    * Asana Inc shares had fallen by 10.8% this quarter and
lost 27.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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 4 "strong buy" or "buy," 7
"hold" and 5 "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
$20.00 
This summary was machine generated from LSEG data May 30 at
09:20 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
 Apr. 30 2024      -0.08          -0.06          Beat
 Jan. 31 2024      -0.10          -0.04          Beat
 Oct. 31 2023      -0.11          -0.04          Beat
 Jul. 31 2023      -0.11          -0.04          Beat