Asana (NYSE:ASAN) Releases FY 2027 Earnings Guidance

Key Points

• Asana raised its FY 2027 EPS outlook to $0.37, well above the analyst consensus of $0.22. Revenue guidance of $858.5 million to $863.5 million was broadly in line with the $860.7 million consensus.
• The company’s latest quarterly results topped expectations, with EPS of $0.10 versus the $0.09 estimate and revenue of $216.43 million versus $214.15 million. Revenue increased 9.9% year over year.
• Asana’s shares rose 2.6% to $10.05, while analysts maintained a consensus “Hold” rating and an average price target of $9.27. The company guided for Q3 FY 2027 EPS of $0.08.

Asana (NYSE:ASAN - Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.370-0.370 for the period, compared to the consensus earnings per share estimate of 0.220. The company issued revenue guidance of $858.5 million-$863.5 million, compared to the consensus revenue estimate of $860.7 million. Asana also updated its Q3 2027 guidance to 0.080-0.080 EPS.

Asana Stock Up 2.6%

ASAN stock traded up $0.25 during midday trading on Thursday, hitting $10.05. The company's stock had a trading volume of 10,083,922 shares, compared to its average volume of 5,872,639. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -14.57 and a beta of 0.95. Asana has a 12 month low of $5.38 and a 12 month high of $15.71. The company has a 50 day moving average of $8.32 and a two-hundred day moving average of $7.34.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The business had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.15 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business's revenue was up 9.9% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. On average, analysts anticipate that Asana will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. KeyCorp dropped their target price on Asana from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Friday, May 29th. UBS Group restated a "neutral" rating and set a $8.00 price objective on shares of Asana in a research note on Friday, May 29th. Zacks Research downgraded Asana from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Weiss Ratings restated a "sell (e+)" rating on shares of Asana in a research note on Wednesday, August 5th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Asana in a report on Monday, August 24th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Asana currently has an average rating of "Hold" and a consensus price target of $9.27.

Insiders Place Their Bets

In other news, CEO Daniel Rogers sold 13,790 shares of the company's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $6.89, for a total value of $95,013.10. Following the transaction, the chief executive officer owned 1,891,990 shares of the company's stock, valued at $13,035,811.10. This represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katie Colendich sold 5,242 shares of Asana stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.68, for a total transaction of $35,016.56. Following the sale, the insider owned 176,598 shares of the company's stock, valued at approximately $1,179,674.64. This represents a 2.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,959 shares of company stock worth $809,325 over the last ninety days. Company insiders own 87.54% of the company's stock.

Asana News Summary

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Quarterly results exceeded expectations: Asana reported earnings of $0.10 per share versus the $0.09 consensus estimate, while revenue of $216.43 million topped expectations of $214.15 million. Earnings also improved from $0.06 per share a year earlier. Asana Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year guidance was raised above analyst expectations: Asana forecast fiscal 2027 earnings of $0.37 per share, compared with the $0.22 consensus estimate. Full-year revenue guidance of $858.5 million to $863.5 million was broadly in line with the $860.7 million consensus. Asana Q2 2027 Earnings and Guidance
• Neutral Sentiment: Management cited improving business momentum: Asana said retention is strengthening, its upmarket sales strategy is accelerating, and demand for its artificial-intelligence products is gaining traction across industries and geographies. Asana Announces Second Quarter Fiscal 2027 Results
• Negative Sentiment: Near-term outlook disappointed some investors: Third-quarter revenue guidance of $217 million to $219 million was essentially in line with the $218.2 million consensus, while adjusted EPS guidance of $0.08 exceeded the $0.05 estimate. Despite the EPS beat, reports characterized the outlook as soft, prompting selling in extended trading. Asana Stock Outlook Disappoints

Institutional Investors Weigh In On Asana

A number of institutional investors and hedge funds have recently bought and sold shares of ASAN. Aster Capital Management DIFC Ltd purchased a new position in shares of Asana in the 4th quarter valued at approximately $50,000. Daiwa Securities Group Inc. boosted its position in shares of Asana by 64.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company's stock worth $59,000 after buying an additional 1,706 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Asana during the 2nd quarter worth approximately $90,000. Creative Planning acquired a new position in Asana in the 3rd quarter valued at about $141,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Asana during the 4th quarter worth $146,000. 26.21% of the stock is owned by hedge funds and other institutional investors.

About Asana

Asana, Inc NYSE: ASAN is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana's platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company's cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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