TaskUs (TASK) Set to Announce Quarterly Earnings on Wednesday

TaskUs (NASDAQ:TASK) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce 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.Investors that wish to register for the company’s conference call can do so using this link.

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

TaskUs Price Performance

NASDAQ:TASK opened at $11.46 on Wednesday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 3.19 and a beta of 2.35. The company has a 50-day moving average of $11.85 and a 200-day moving average of $11.91. TaskUs has a 52 week low of $7.95 and a 52 week high of $14.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.23 and a current ratio of 3.23.

Wall Street Analyst Weigh In

TASK has been the topic of a number of recent research reports. Citigroup decreased their price objective on TaskUs from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Bank of America upped their price target on TaskUs from $11.00 to $12.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Royal Bank of Canada boosted their target price on shares of TaskUs from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Thursday, February 29th. Finally, Guggenheim started coverage on shares of TaskUs in a research report on Tuesday, March 19th. They set a “neutral” rating and a $13.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.