Asana Sees Q2 EPS $(0.09)-$(0.08) Vs $(0.05) Est.; Revenue $177M-$178M Vs $177.2M Est.; FY25 EPS $(0.21)-$(0.19) Vs $(0.20) Est.; Revenue $719M-$724M Vs $722.06M Est.
Portfolio Pulse from Benzinga Newsdesk
Asana has released its financial outlook for Q2 and FY25, projecting a slight miss on EPS estimates but meeting revenue expectations. The company anticipates Q2 revenues of $177M-$178M and FY25 revenues of $719M-$724M. Non-GAAP net loss per share is expected to be $(0.09)-$(0.08) for Q2 and $(0.21)-$(0.19) for FY25.
May 30, 2024 | 8:32 pm
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NEGATIVE IMPACT
Asana's Q2 and FY25 financial outlook shows a slight miss on EPS estimates but meets revenue expectations. This could lead to a mixed market reaction, with potential short-term volatility in the stock price.
The slight miss on EPS estimates for both Q2 and FY25 could lead to a negative market reaction, despite meeting revenue expectations. Investors may be concerned about the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100