Asana Sees Q3 EPS $(0.07) Vs $(0.04) Est.; Revenue $180M-$181M Vs $182.28M Est.; FY25 EPS $(0.20)-$(0.19) Vs $(0.20) Est.; Revenue $719M-$721M Vs 722.85M Est.
Portfolio Pulse from Benzinga Newsdesk
Asana's Q3 FY25 financial outlook shows a slight miss on EPS and revenue estimates, with expected revenues of $180M-$181M and a non-GAAP net loss per share of $0.07. For FY25, Asana projects revenues of $719M-$721M and a non-GAAP net loss per share of $0.19-$0.20.
September 03, 2024 | 8:17 pm
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NEGATIVE IMPACT
Asana's Q3 FY25 financial outlook indicates a slight miss on both EPS and revenue estimates, which may lead to short-term negative sentiment among investors. The company expects Q3 revenues of $180M-$181M and a non-GAAP net loss per share of $0.07, compared to estimates of $182.28M and $(0.04) respectively. For FY25, Asana projects revenues of $719M-$721M and a non-GAAP net loss per share of $0.19-$0.20, slightly below the revenue estimate of $722.85M.
Asana's Q3 FY25 guidance shows a miss on both EPS and revenue estimates, which is likely to result in a negative short-term impact on the stock price. The market often reacts negatively to earnings misses, especially when both EPS and revenue are below expectations. The FY25 guidance also shows a slight revenue miss, which could further contribute to negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100