TaskUs (TASK) Set to Announce Quarterly Earnings on Thursday

by · The Cerbat Gem

TaskUs (NASDAQ:TASK – Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect TaskUs to post 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 registering for the company’s earnings conference call can do so using this link.

TaskUs (NASDAQ:TASK – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. TaskUs had a return on equity of 16.93% and a net margin of 5.44%. The company had revenue of $237.93 million for the quarter, compared to analyst estimates of $231.15 million. On average, analysts expect TaskUs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TaskUs Trading Up 2.7 %

NASDAQ TASK opened at $13.54 on Tuesday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $12.51 and its 200 day moving average is $13.54. TaskUs has a twelve month low of $9.98 and a twelve month high of $17.97. The firm has a market capitalization of $1.20 billion, a PE ratio of 24.62, a P/E/G ratio of 3.47 and a beta of 2.28.

Analysts Set New Price Targets

TASK has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Bank of America raised TaskUs from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $18.00 in a report on Monday, July 22nd. Citigroup boosted their price target on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada increased their price target on TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Finally, Robert W. Baird upped their price objective on TaskUs from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.38.

Check Out Our Latest Stock Report on TASK

TaskUs Company Profile

(Get Free Report)

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.

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