TaskUs (NASDAQ:TASK) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

TaskUs (NASDAQ:TASK) posted its quarterly earnings results on Wednesday. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03, FiscalAI reports. TaskUs had a return on equity of 27.02% and a net margin of 8.75%. The company had revenue of $314.75 million for the quarter, compared to analysts’ expectations of $303.64 million.

TaskUs Price Performance

Shares of NASDAQ TASK traded up $0.31 during midday trading on Wednesday, reaching $8.63. 405,524 shares of the stock traded hands, compared to its average volume of 586,289. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.95 and a quick ratio of 2.95. The stock has a market capitalization of $791.28 million, a PE ratio of 7.44 and a beta of 1.93. TaskUs has a one year low of $4.47 and a one year high of $13.73. The company’s 50 day moving average is $8.17 and its 200 day moving average is $7.76.

Analysts Set New Price Targets

TASK has been the subject of a number of research analyst reports. Robert W. Baird set a $12.00 price objective on shares of TaskUs in a report on Thursday, August 6th. Wedbush lowered their target price on shares of TaskUs from $12.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded shares of TaskUs from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Wall Street Zen raised shares of TaskUs from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, Morgan Stanley lifted their target price on TaskUs from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TaskUs presently has a consensus rating of “Hold” and an average target price of $9.60.

TaskUs Company Profile

TaskUs, Inc (NASDAQ: TASK) is a provider of digital outsourcing and customer experience services for technology companies and other high-growth businesses. The company helps clients manage customer interactions, back-office operations and other business processes through a combination of trained personnel, technology and data-driven workflows.

Its services include customer care, technical support, content moderation, trust and safety, fraud prevention, artificial intelligence operations and back-office support.