TaskUs (NASDAQ:TASK) Releases Earnings Results, Beats Estimates By $0.06 EPS

TaskUs (NASDAQ:TASK) announced its earnings results on Friday. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06, FiscalAI reports. TaskUs had a net margin of 5.70% and a return on equity of 20.37%. The company had revenue of $298.71 million during the quarter, compared to analyst estimates of $286.71 million. TaskUs updated its Q4 2025 guidance to EPS and its FY 2025 guidance to EPS.

TaskUs Stock Up 4.5%

NASDAQ TASK traded up $0.56 on Friday, hitting $13.05. 765,428 shares of the stock were exchanged, compared to its average volume of 534,186. TaskUs has a fifty-two week low of $11.26 and a fifty-two week high of $19.60. The company has a 50-day moving average price of $15.72 and a 200-day moving average price of $16.23. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.17 billion, a PE ratio of 18.91 and a beta of 2.11.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of TaskUs in a research report on Wednesday, October 8th. Zacks Research raised TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Robert W. Baird increased their target price on TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Morgan Stanley cut TaskUs from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $21.00 to $16.50 in a report on Tuesday, September 9th. Finally, Baird R W upgraded shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TaskUs has an average rating of “Moderate Buy” and an average price target of $17.25.

Hedge Funds Weigh In On TaskUs

A number of institutional investors and hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund acquired a new stake in TaskUs in the second quarter valued at $67,000. IHT Wealth Management LLC purchased a new position in shares of TaskUs in the 2nd quarter valued at about $274,000. Lazard Asset Management LLC raised its position in shares of TaskUs by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after acquiring an additional 1,342 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in TaskUs by 42.2% during the second quarter. State of Tennessee Department of Treasury now owns 18,422 shares of the company’s stock worth $309,000 after purchasing an additional 5,471 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in TaskUs by 39.4% in the second quarter. Invesco Ltd. now owns 18,641 shares of the company’s stock valued at $312,000 after purchasing an additional 5,267 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.