TaskUs (TASK) Set to Announce Quarterly Earnings on Wednesday

TaskUs (NASDAQ:TASK) is scheduled to be releasing its earnings data 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

TaskUs (NASDAQ:TASK) last issued its earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. TaskUs had a net margin of 4.94% and a return on equity of 16.91%. The firm had revenue of $234.26 million for the quarter, compared to analysts’ expectations of $225.96 million. On average, analysts expect TaskUs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TaskUs Stock Up 1.2 %

Shares of TaskUs stock opened at $12.08 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.23 and a current ratio of 3.23. TaskUs has a 52-week low of $7.95 and a 52-week high of $14.67. The stock has a market capitalization 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’s 50 day moving average price is $11.84 and its 200-day moving average price is $11.98.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup cut 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. Guggenheim assumed coverage on shares of TaskUs in a report on Tuesday, March 19th. They issued a “neutral” rating and a $13.00 target price on the stock. Royal Bank of Canada raised 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, Bank of America lifted their price target on shares of TaskUs from $11.00 to $12.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, TaskUs currently 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.