Asana Inc reports results for the quarter ended April 30 - Earnings Summary

• Asana Inc ASAN.N reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 2 cents per share.

• Revenue rose 8.6% to $187.27 million from a year ago; analysts expected $185.50 million.

• Asana Inc's reported EPS for the quarter was a loss of 17 cents​.

• The company reported a quarterly loss of $40.02 million.

• Asana Inc shares had risen by 26.1% this quarter and lost 9.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 250.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 10 "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 $14.50

This summary was machine generated from LSEG data June 3 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)