TaskUs (TASK) Scheduled to Post Quarterly Earnings on Monday

TaskUs (NASDAQ:TASKGet Rating) will release its earnings data after the market closes on Monday, May 9th. Analysts expect TaskUs to post earnings of $0.10 per share for the quarter. TaskUs has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

TaskUs (NASDAQ:TASKGet Rating) last posted its quarterly earnings data on Monday, February 28th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.11 by $0.06. The firm had revenue of $226.76 million during the quarter, compared to analysts’ expectations of $215.99 million. During the same quarter in the previous year, the company posted $0.22 EPS. TaskUs’s revenue for the quarter was up 63.4% on a year-over-year basis. On average, analysts expect TaskUs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:TASK opened at $28.89 on Monday. The stock has a fifty day moving average price of $34.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.81 and a quick ratio of 1.81. TaskUs has a 1 year low of $25.12 and a 1 year high of $85.49.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. bought a new stake in shares of TaskUs in the 4th quarter worth approximately $77,000. CIBC World Markets Inc. bought a new position in TaskUs in the 4th quarter worth about $223,000. Stifel Financial Corp purchased a new stake in TaskUs during the 4th quarter valued at about $228,000. JPMorgan Chase & Co. purchased a new stake in TaskUs during the 4th quarter valued at about $382,000. Finally, Legal & General Group Plc bought a new stake in TaskUs during the 4th quarter valued at about $487,000. 76.08% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company initiated coverage on TaskUs in a research note on Monday, April 4th. They issued an “equal weight” rating and a $42.00 price objective on the stock. Royal Bank of Canada reduced their target price on TaskUs from $62.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday, March 1st. Zacks Investment Research downgraded shares of TaskUs from a “buy” rating to a “hold” rating in a report on Friday, March 11th. Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, January 6th. Finally, The Goldman Sachs Group lowered their price target on TaskUs from $77.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, March 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, TaskUs currently has a consensus rating of “Buy” and a consensus price target of $51.56.

TaskUs Company Profile (Get Rating)

TaskUs, Inc provides digital outsourcing services for companies worldwide. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through digital channels; and other solutions, including customer care services for new product or market launches, trust and safety solutions, and customer acquisition solutions.

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