Work management platform Asana (NYSE: ASAN) will be announcing earnings results this Tuesday after the bell. Here’s what to expect.
Asana beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $196.9 million, up 9.9% year on year. It was a very strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates. It added 709 enterprise customers paying more than $5,000 annually to reach a total of 25,006.
Is Asana a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Asana’s revenue to grow 8.1% year on year to $198.8 million, slowing from the 10.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.
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 1.5% on average.
Looking at Asana’s peers in the productivity software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. monday.com delivered year-on-year revenue growth of 26.2%, beating analysts’ expectations by 1.4%, and Atlassian reported revenues up 20.6%, topping estimates by 2.2%. monday.com traded down 12.9% following the results while Atlassian was up 5.4%.
Read our full analysis of monday.com’s results here and Atlassian’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the productivity software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. Asana is down 8.2% during the same time and is heading into earnings with an average analyst price target of $16.11 (compared to the current share price of $12.92).
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