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

Asana

05/12/2023 22:02

* Asana Inc  ASAN.N  reported a quarterly adjusted loss of 4
cents​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of -26
cents.  The mean expectation of fourteen analysts for the
quarter was for a loss of 11 cents per share. Wall Street
expected results to range from -13 cents to -8 cents per share.
    * Revenue rose 17.7% to $166.50 million from a year ago;
analysts
expected $164.14 million. 
    * Asana Inc's reported EPS for the quarter was a loss of 28
cents​.
    * The company reported a quarterly loss of $61.75 million.
    * Asana Inc shares had risen by 24.6% this quarter and
gained 65.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26.7%
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," 9
"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
$21.00 
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 2023      -0.11          -0.04          Beat
 Jul. 31 2023      -0.11          -0.04          Beat
 Apr. 30 2023      -0.18          -0.09          Beat
 Jan. 31 2023      -0.27          -0.15          Beat