Overview
Asana fiscal Q3 revenue grows 9% yr/yr, beating analysts' expectations
Adjusted EPS for fiscal Q3 beats consensus, indicating strong operational performance
Company announces AI Teammates to boost productivity and enhance work quality
Outlook
Asana raises high-end of FY26 revenue guidance to $791.0 mln
Company expects Q4 revenue of $204.0 mln to $206.0 mln
Asana anticipates FY26 non-GAAP operating income of $52.5 mln to $54.5 mln
Result Drivers
AI INNOVATION - Launch of AI Teammates aimed at enhancing productivity and work quality, per CEO Dan Rogers
CUSTOMER SPENDING - Increase in number of customers spending $100,000 or more annually, growing 15% yr/yr
NRR IMPROVEMENT - Progress in net retention rates and new business acquisition initiatives, per CFO Sonalee Parekh
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $201 mln | $198.83 mln (12 Analysts) |
Q3 Adjusted EPS | Beat | $0.07 | $0.06 (12 Analysts) |
Q3 EPS | -$0.29 | ||
Q3 Adjusted Net Income | Beat | $17.9 mln | $15.08 mln (9 Analysts) |
Q3 Adjusted operating income | Beat | $16.3 mln | $13.17 mln (11 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "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 $17.00, about 24.9% above its December 1 closing price of $12.77
The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 50 three months ago
Press Release: ID:nBw7kCk6ja
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)