FMP
Dec 6, 2023 6:16 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 6:49 PM)
Image credit: FMP
Asana (NYSE:ASAN) shares experienced a notable drop of over 16% intra-day today despite the company announcing third-quarter results that surpassed expectations and provided an outlook better than forecasts.
For the third quarter, Asana reported an earnings per share (EPS) of ($0.04), which was more favorable than the consensus estimate of ($0.11). The company's revenue showed an 18% year-over-year increase, reaching $166.5 million, and exceeded the consensus estimate of $164.09 million.
Looking ahead to the fourth quarter of 2024, Asana forecasts its EPS to be in the range of ($0.10) to ($0.09), which is better than the Street estimate of ($0.16). The company anticipates its revenue to be between $167 million and $168 million, surpassing the Street estimate of $166.83 million.
For the full year, Asana expects its EPS to be between ($0.27) and ($0.26), better than the Street estimate of ($0.38). The company's projected full-year revenue is set to be between $648.5 million and $649.5 million, compared to the street estimate of $646.1 million.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...