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Asana (ASAN) Reports Q4: Everything You Need To Know Ahead Of Earnings

ASAN Cover Image

Work management software maker Asana (NYSE: ASAN) will be announcing earnings results tomorrow after the bell. Here’s what you need to know.

Asana beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $183.9 million, up 10.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations. It added 661 enterprise customers paying more than $5,000 annually to reach a total of 23,609.

Is Asana a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Asana’s revenue to grow 10% year on year to $188.2 million, slowing from the 13.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share.

Asana Total Revenue

Analysts covering the company have generally 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 Street’s expectations, beating revenue estimates every single time over the past two years by 2.1% on average.

Looking at Asana’s peers in the productivity software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Atlassian delivered year-on-year revenue growth of 21.4%, beating analysts’ expectations by 3.4%, and Monday.com reported revenues up 32.3%, topping estimates by 2.5%. Atlassian traded up 15.2% following the results while Monday.com was also up 26.9%.

Read our full analysis of Atlassian’s results here and Monday.com’s results here.

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