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Taskus, Inc. Class A (TASK)
:TASK
Holding TASK?
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.35Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2021
|% Change Since: 7.85%
|Next Earnings Date:Aug 10, 2021
Earnings Call Sentiment|Positive
TaskUs delivered strong financial performance with record-breaking revenue and significant growth in Trust and Safety and AI services. While margins were slightly below expectations due to strategic investments, the company's overall growth trajectory and increased revenue guidance were positive.Company Guidance
During the TaskUs third quarter 2024 earnings call, the company reported revenue of $255.3 million, surpassing the top end of their guidance by $9.3 million and marking a 13.2% year-over-year increase. This growth was attributed to strategic focuses, including diversifying client bases and leveraging AI and automation tools. TaskUs projects their full-year 2024 revenue to reach $988 million to $990 million, with an adjusted EBITDA of approximately $212.6 million, reflecting a 21.5% margin. The company's Trust and Safety service line grew 30.8% year-over-year, while AI services saw a 17.8% increase, driven by demand from major clients. TaskUs plans continued investment in specialized services to sustain growth into 2025, anticipating robust demand across their service lines.Record-Breaking Revenue and Growth
TaskUs generated $255.3 million in revenue, exceeding the top end of their guidance by $9.3 million and marking the highest quarterly revenue in TaskUs history with a 13.2% year-over-year growth.
Significant Increase in Full-Year Revenue Guidance
The full-year revenue guidance was increased to $988 million to $990 million, which is a $24 million increase at the midpoint. This reflects a cumulative guidance increase of $64 million since the initial 2024 guide.
Strong Performance in Trust and Safety
Trust and Safety services grew by 30.8% year-over-year, marking the third consecutive quarter with over 30% growth.
AI Services Accelerate
AI services returned to growth with a 17.8% year-over-year increase, driven by strong demand from clients in social media and generative AI industries.
Expansion and Diversification Achievements
TaskUs expanded with a healthcare payer and saw strong demand from fintech, professional services, and health tech verticals.
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TASK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TASK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $15.55 | $18.94 | +21.80% |
| Aug 08, 2024 | $15.57 | $15.45 | -0.77% |
| May 08, 2024 | $12.72 | $13.32 | +4.72% |
| Feb 28, 2024 | $12.39 | $13.33 | +7.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Taskus, Inc. Class A (TASK) report earnings?
Taskus, Inc. Class A (TASK) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Taskus, Inc. Class A (TASK) earnings time?
Taskus, Inc. Class A (TASK) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TASK EPS forecast?
TASK EPS forecast for the fiscal quarter 2024 (Q4) is 0.35.
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