TaskUs (TASK) Set to Announce Earnings on Thursday

TaskUs (NASDAQ:TASK) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. TaskUs has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $237.93 million during the quarter, compared to the consensus estimate of $231.15 million. TaskUs had a net margin of 5.44% and a return on equity of 16.93%. 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

TaskUs stock opened at $13.54 on Tuesday. The firm has a 50-day moving average of $12.51 and a two-hundred day moving average of $13.54. TaskUs has a 1 year low of $9.98 and a 1 year high of $17.97. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.47 and a beta of 2.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.23 and a quick ratio of 3.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TASK shares. Royal Bank of Canada lifted their price target on shares of TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Citigroup raised their price target on shares of TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 12th. Robert W. Baird increased their price objective on shares of TaskUs from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Bank of America upgraded shares of TaskUs from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $18.00 in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. decreased their target price on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.38.

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.