Asana Sees Q1 Adj. EPS $(0.09)-$(0.08) vs $(0.08) Est., Revenues $168M-$169M vs $168.25M Est.; Sees FY25 Adj. EPS $(0.22)-$(0.19) vs $(0.22) Est., Revenues $716M-$722M vs $724.75M Est.
Portfolio Pulse from Benzinga Newsdesk
Asana projects Q1 adjusted EPS between $(0.09) and $(0.08), slightly below the $(0.08) estimate, with revenues expected to be $168M-$169M, aligning with the $168.25M estimate. For FY25, the adjusted EPS is forecasted to be between $(0.22) and $(0.19), matching the lower end of the $(0.22) estimate, while revenue projections of $716M-$722M fall short of the $724.75M estimate.
March 11, 2024 | 8:16 pm
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NEUTRAL IMPACT
Asana's Q1 and FY25 earnings and revenue projections closely align with estimates, but FY25 revenue falls slightly short.
Asana's Q1 earnings per share (EPS) and revenue projections are in line with analyst estimates, indicating a stable short-term outlook. However, the slight shortfall in FY25 revenue projections compared to estimates may cause concern among investors, potentially leading to a neutral impact on the stock price in the short term. The company's ability to meet or closely match EPS estimates for both Q1 and FY25 suggests operational efficiency and control over costs, which could offset concerns about the revenue shortfall.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100