Earnings Outlook For Asana
Portfolio Pulse from Benzinga Insights
Asana (NYSE:ASAN) is scheduled to release its quarterly earnings report on March 11, 2024, with analysts expecting an EPS of $-0.10. The company's past earnings performance shows a pattern of beating EPS estimates but experiencing significant share price volatility post-announcement. Shares are currently trading at $18.66, down 5.74% over the last year. Investors are looking for positive guidance for the next quarter, which could significantly impact the stock's short-term movement.
March 08, 2024 | 4:00 pm
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Asana is expected to announce its quarterly earnings with an anticipated EPS of $-0.10. Historical data suggests a pattern of beating EPS estimates but with subsequent share price volatility. Currently, shares are down 5.74% over the last year, indicating a bearish sentiment among long-term shareholders.
Given Asana's history of beating EPS estimates but experiencing subsequent share price drops, the upcoming earnings announcement is crucial. While a beat on the EPS estimate could provide a short-term boost, the company's guidance for the next quarter will likely have a more significant impact. The current share price trend and historical volatility post-earnings suggest a cautious approach.
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