Asana Inc expected to post a loss of 8 cents a share - Earnings Preview

Reuters · 08/30 20:13
Asana Inc <ASAN.N> expected to post a loss of 8 cents a share - Earnings Preview

  • Asana Inc ASAN.N, ASAN.K is expected to show a rise in quarterly revenue when it reports results on September 3 for the period ending July 31 2024

  • The San Francisco California-based company is expected to report a 9.4% increase in revenue to $177.654 million from $162.46 million a year ago, according to the mean estimate from 14 analysts, based on LSEG data.The company's guidance on June 20 2024, for the period ended July 31, was for revenue between $177.00 million and $178.00 million.

  • ​LSEG's mean analyst estimate for Asana Inc is for a loss of 8 cents per share. The company's EPS guidance on May 30 2024, for the period ended July 31, was between $-0.09 and $-0.08

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 9 "hold" and 3 "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Asana Inc is $15.00​, above​ its last closing price of $14.03. ​​​

The company's guidance on June 20 2024 for the period ended July 31 was for Earnings before Interest and Taxes between USD-23 million and USD-21 million.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Apr. 30 2024

-0.08

-0.08

-0.06

Beat

27.2

Jan. 31 2024

-0.10

-0.10

-0.04

Beat

58.5

Oct. 31 2023

-0.11

-0.11

-0.04

Beat

62.6​

Jul. 31 2023

-0.12

-0.11

-0.04

Beat

65.2

​​Apr. 30 2023

-0.18

-0.18

-0.09

Beat

49.2

Jan. 31 2023

-0.27

-0.27

-0.15

Beat

45​

Oct. 31 2022

-0.32

-0.32

-0.26

Beat

18.8

Jul. 31 2022

-0.39

-0.39

-0.34

Beat

11.9

This summary was machine generated August 30 at 20:13 GMT. 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)