TaskUs (TASK) Scheduled to Post Earnings on Monday

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

TASK has been the topic of a number of analyst reports. Citigroup initiated coverage on shares of TaskUs in a research report on Tuesday, July 19th. They issued a “buy” rating and a $28.00 price objective on the stock. BTIG Research decreased their price objective on shares of TaskUs from $60.00 to $45.00 in a research report on Tuesday, May 10th. Morgan Stanley decreased their price objective on shares of TaskUs from $35.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, June 30th. Wells Fargo & Company decreased their price objective on shares of TaskUs from $37.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of TaskUs from $41.00 to $35.00 in a research report on Wednesday, July 20th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.44.

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

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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.