ASAN Stock Recent News

Every earnings season comes with its winners and losers. In most cases, an actual earnings beat doesn't matter as much as the forward guidance.

Earnings show Asana isn't "getting fit" like rivals are.

Asana, Inc. (NYSE:ASAN ) Q4 2024 Earnings Conference Call March 11, 2024 4:30 PM ET Company Participants Catherine Buan - Head, Investor Relations Dustin Moskovitz - Co-Founder & Chief Executive Officer Anne Raimondi - Chief Operating Officer & Head of Business Tim Wan - Chief Financial Officer Conference Call Participants Michael Funk - Bank of America Pat Walravens - Citizens JMP Josh Baer - Morgan Stanley George Iwanyc - Oppenheimer Pinjalim Bora - JPMorgan Taylor McGinnis - UBS Steve Enders - Citi Rishi Jaluria - RBC Capital Markets Rob Oliver - Baird Ethan Bruck - Wolfe Research Operator Thank you for standing by, and welcome to Asana's Fourth Quarter and Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Asana, Inc. (ASAN) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.15 per share a year ago.

Asana, Inc. (ASAN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

IKT, POST, ASAN, ACMR and HENKY have been added to the Zacks Rank #1 (Strong Buy) List on February 8, 2023.

Asana's stock has not seen the same recent rallies as other tech peers, making it a reasonably valued software vendor at 5x forward revenue. Asana's long-term demand will be boosted by the shift to remote and distributed teams, as well as additions to its AI capabilities. Growth is stable in the mid-teens, and the company notes it is seeing stabilization to recent macro headwinds.

SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform, announced today that it will release financial results for the fourth quarter and fiscal year 2024 on Monday, March 11, after the close of the U.S. markets. In conjunction with the announcement, the company will host a webcast on the same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The live webcast and replay will be available on the Asana Invest.

S, ASAN, PRLD, EMKR and SNAP have been added to the Zacks Rank #1 (Strong Buy) List on January 25, 2023.

Asana (ASAN) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.