Asana Sees FY24 Adj. EPS $(0.42)-$(0.39) vs $(0.52) Est., Revenues $642M-$648M vs $644.35M Est.
Portfolio Pulse from Benzinga Newsdesk
Asana has updated its FY24 adjusted EPS forecast to $(0.42)-$(0.39), an improvement from the previous estimate of $(0.52). The company also expects revenues to be between $642M-$648M, compared to the estimated $644.35M.
September 05, 2023 | 8:07 pm
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POSITIVE IMPACT
Asana's improved earnings forecast could potentially boost investor confidence and positively impact its stock price in the short term.
Asana's revised earnings forecast is better than the previous estimate, which could be seen as a positive sign of the company's financial health and future performance. This could potentially attract more investors, leading to an increase in demand for the stock and a rise in its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100