Asana(ASAN) ZACKS·2024-12-05 23:26Core Viewpoint - Asana, Inc. reported a quarterly loss of $0.02 per share, outperforming the Zacks Consensus Estimate of a loss of $0.07, indicating a significant earnings surprise of 71.43% [1][2] Financial Performance - The company achieved revenues of $183.88 million for the quarter ended October 2024, exceeding the Zacks Consensus Estimate by 1.79% and showing an increase from $166.5 million in the same quarter last year [2] - Over the last four quarters, Asana has consistently surpassed consensus EPS estimates [2] Stock Performance - Asana shares have declined approximately 16.7% since the beginning of the year, contrasting with the S&P 500's gain of 27.6% [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $187.52 million, and for the current fiscal year, it is -$0.19 on revenues of $719.83 million [8] - The estimate revisions trend for Asana is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [7] Industry Context - The Internet - Software industry, to which Asana belongs, is currently ranked in the top 16% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9]