Asana Earnings Analysis: Q3 Recap

Asana ASAN reported its Q3 earnings results on Thursday, December 5, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Asana beat estimated earnings by 71.0%, reporting an EPS of $-0.02 versus an estimate of $-0.07.

Revenue was up $17.38 million from the same period last year.

The company beat on EPS by $0.03 in the previous quarter, leading to a 5.0% drop share price change the next day.

Here's a look at Asana's past performance:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	-0.08	-0.08	-0.10	-0.11
EPS Actual	-0.05	-0.06	-0.04	-0.04
Revenue Estimate	177.65M	168.73M	167.68M	164.14M
Revenue Actual	179.21M	172.45M	171.13M	166.50M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Asana management provided guidance for FY 2025, expecting earnings between $-0.15 and $-0.14 per share.

To track all earnings releases for Asana visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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