TaskUs (TASK) Set to Announce Quarterly Earnings on Wednesday

TaskUs (NASDAQ:TASK) will announce 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 listen to the company’s conference call can do so using this link.

TaskUs (NASDAQ:TASK) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $234.26 million during the quarter, compared to analysts’ expectations 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

TASK stock opened at $12.08 on Monday. TaskUs has a 1 year low of $7.95 and a 1 year high of $14.67. 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 stock has a market cap of $1.07 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 3.33 and a beta of 2.29. The company has a 50 day simple moving average of $11.84 and a 200 day simple moving average of $11.98.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Bank of America boosted their target price on shares of TaskUs from $11.00 to $12.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Citigroup reduced their target price on shares of TaskUs from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Royal Bank of Canada boosted their target price on shares of TaskUs from $16.00 to $17.00 and gave the stock a “sector perform” rating in a report on Thursday, February 29th. Finally, Guggenheim assumed coverage on shares of TaskUs in a report on Tuesday, March 19th. They set a “neutral” rating and a $13.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, TaskUs has a consensus rating of “Hold” and a consensus target price of $14.50.

About TaskUs

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.