
Work management platform Asana (NYSE: ASAN) will be reporting earnings this Wednesday after market close. Hereโs what you need to know.
Asana beat analystsโ revenue expectations by 0.9% last quarter, reporting revenues of $187.3 million, up 8.6% year on year. It was a strong quarter for the company, with EPS guidance for next quarter exceeding analystsโ expectations and a solid beat of analystsโ EBITDA estimates.
Is Asana a buy or sell going into earnings? Read our full analysis here, itโs free.
This quarter, analysts are expecting Asanaโs revenue to grow 7.7% year on year to $193.1 million, slowing from the 10.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Asana has a history of exceeding Wall Streetโs expectations, beating revenue estimates every single time over the past two years by 1.6% on average.
Looking at Asanaโs peers in the productivity software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. monday.com delivered year-on-year revenue growth of 26.6%, beating analystsโ expectations by 1.8%, and Atlassian reported revenues up 22.3%, topping estimates by 2.1%. monday.com traded down 30.6% following the results while Atlassian was also down 1.5%.
Read our full analysis of monday.comโs results here and Atlassianโs results here.
There has been positive sentiment among investors in the productivity software segment, with share prices up 3.2% on average over the last month. Asana is up 1.7% during the same time and is heading into earnings with an average analyst price target of $16.38 (compared to the current share price of $14.60).
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