TaskUs (TASK) Scheduled to Post Quarterly Earnings on Wednesday

TaskUs (NASDAQ:TASK) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect TaskUs to post earnings of $0.30 per share for the quarter. TaskUs has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

TaskUs (NASDAQ:TASK) last issued its earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. TaskUs had a net margin of 4.94% and a return on equity of 16.91%. The business had revenue of $234.26 million for the quarter, compared to analyst estimates of $225.96 million. On average, analysts expect TaskUs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TaskUs Stock Performance

NASDAQ:TASK opened at $12.33 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market capitalization of $1.09 billion, a P/E ratio of 26.23, a P/E/G ratio of 3.33 and a beta of 2.29. TaskUs has a 1 year low of $7.95 and a 1 year high of $14.67. The business has a fifty day simple moving average of $11.84 and a two-hundred day simple moving average of $11.98.

Analyst Ratings Changes

TASK has been the subject of several research analyst reports. Citigroup dropped their price target on TaskUs from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada increased their target price on shares of TaskUs from $16.00 to $17.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Bank of America lifted their target price on shares of TaskUs from $11.00 to $12.00 and gave the stock an “underperform” rating in a research report on Thursday, February 29th. Finally, Guggenheim began coverage on TaskUs in a report on Tuesday, March 19th. They issued a “neutral” rating and a $13.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.50.

TaskUs Company Profile

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.