Taskus Inc reports results for the quarter ended in June - Earnings Summary

Taskus

08/08/2024 23:35

* Taskus Inc  TASK.OQ  reported quarterly adjusted earnings
of 31
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 32
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 31 cents per share. Wall Street expected
results to range from 29 cents to 32 cents per share.
    * Revenue rose 3.8% to $237.93 million from a year ago;
analysts
expected $231.53 million. 
    * Taskus Inc's reported EPS for the quarter was 14 cents​.
    * The company reported quarterly net income of $12.6
million.
    * Taskus Inc shares had risen by 13.4% this quarter and
gained 15.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Taskus Inc is
$17.50 
This summary was machine generated from LSEG data August 8 at
10:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.31           0.31           Met
 Mar. 31 2024      0.29           0.30           Beat
 Dec. 31 2023      0.31           0.35           Beat
 Sep. 30 2023      0.29           0.32           Beat