TaskUs (NASDAQ:TASK – Get Rating) will be releasing its earnings data after the market closes on Monday, August 8th. Analysts expect TaskUs to post earnings of $0.33 per share for the quarter. TaskUs has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
TaskUs (NASDAQ:TASK – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $239.70 million during the quarter, compared to the consensus estimate of $230.81 million. TaskUs had a negative net margin of 7.51% and a positive return on equity of 19.14%. TaskUs’s quarterly revenue was up 56.8% compared to the same quarter last year. 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
TaskUs stock opened at $22.93 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.23 billion, a PE ratio of -30.57, a P/E/G ratio of 1.53 and a beta of 3.54. The firm has a fifty day simple moving average of $19.60 and a two-hundred day simple moving average of $27.29. TaskUs has a twelve month low of $14.38 and a twelve month high of $85.49.
Wall Street Analyst Weigh In
Hedge Funds Weigh In On TaskUs
Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in TaskUs by 395.7% in the first quarter. JPMorgan Chase & Co. now owns 35,094 shares of the company’s stock worth $1,350,000 after purchasing an additional 28,015 shares during the period. Raymond James & Associates grew its holdings in TaskUs by 142.0% in the first quarter. Raymond James & Associates now owns 67,497 shares of the company’s stock worth $2,596,000 after purchasing an additional 39,603 shares during the period. Bank of New York Mellon Corp grew its holdings in TaskUs by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 12,036 shares of the company’s stock worth $463,000 after purchasing an additional 1,138 shares during the period. BlackRock Inc. grew its holdings in TaskUs by 11.9% in the first quarter. BlackRock Inc. now owns 500,424 shares of the company’s stock worth $19,247,000 after purchasing an additional 53,050 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in TaskUs in the first quarter worth about $108,000. Hedge funds and other institutional investors own 76.08% of the company’s stock.
TaskUs Company Profile
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.
- Get a free copy of the StockNews.com research report on TaskUs (TASK)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for TaskUs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TaskUs and related companies with MarketBeat.com's FREE daily email newsletter.