REFILE-Asana Q4 revenue rises
Overview
Work management platform's Q4 revenue rose 9% yr/yr, slightly beating analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company authorized an additional $160 mln for share repurchases
Outlook
Asana expects Q1 fiscal 2027 revenue of $202.5 mln to $204.5 mln
Company forecasts fiscal 2027 revenue between $850 mln and $858 mln
Asana anticipates fiscal 2027 non-GAAP operating margin of at least 9.5%
Result Drivers
AI ADOPTION - Rapid adoption of AI Studio contributed to Q4 results, per CEO Dan Rogers
EFFICIENCY GAINS - Improved non-GAAP operating margin by 10 percentage points due to productivity and efficiency gains, per CFO Sonalee Parekh
Company press release: ID:nBw8DL48Fa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Beat* | $205.6 mln | $205.13 mln (13 Analysts) |
Q4 Adjusted EPS | Beat | $0.08 | $0.07 (13 Analysts) |
Q4 EPS |
| -$0.14 |
|
Q4 Adjusted Net Income | Beat | $19.9 mln | $17.29 mln (11 Analysts) |
Q4 Adjusted operating income | Beat | $18.2 mln | $15.33 mln (12 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Asana Inc is $15.50, about 118.3% above its February 27 closing price of $7.10
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 40 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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