TASK Earnings Prediction
The chart below shows how TASK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TASK sees a +1.27% change in stock price 10 days leading up to the earnings, and a -3.96% change 10 days following the report. On the earnings day itself, the stock moves by -0.88%. This data can give you a slight idea of what to expect for the next quarter's release.
TASK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
255.34M
13.17%
7.32%
Gross Margin
34.01%
-9.69%
2.32%
Operating Margin
11.20%
6.87%
6.06%
Net Margin
4.97%
14.78%
-6.05%
EPS
0.14
40.00%
0.00%
No Data Available
TASK Earnings Analysis
TaskUs, Inc. Class A Common Stock Corporation (TASK.O) Earnings Conference Call
Positive
Revenue Outperformance: In the third quarter, we generated $255.3 million, outperforming the top end of our revenue guidance by $9.3 million.
Record Quarterly Revenue Growth: We delivered the most quarterly revenue in TaskUs history and returned to double-digit revenue growth of 13.2%.
EBITDA Exceeds Guidance: We delivered $54.2 million in adjusted EBITDA in the quarter, exceeding the $52.7 million midpoint of our most recent guidance by $1.5 million or nearly 3%.
Multi-Service Client Revenue Growth: Our revenue growth from clients that utilize more than one of our service lines increased 25% year over year.
Revenue Forecast Increase: We expect our revenue of $988 million to $990 million for the year, an increase of $24 million at the midpoint.
Negative
Q3 Revenue Performance: Q3 revenue was $255.3 million, exceeding guidance by $9.3 million, but still reflects a decline in U.S. delivery revenue by 4% year-over-year.
Profitability Pressure Despite Growth: Adjusted EBITDA margin was 21.2%, below the guidance of 21.5%, indicating pressure on profitability despite revenue growth.
Rising Service Costs: The cost of service as a percentage of revenue increased to 60.2% in Q3 compared to 57.7% in the prior year, driven by wage inflation and higher recruiting costs.
Operational Cash Flow Decline: Cash generated from operations decreased to $98.2 million through Q3 of 2024, compared to $103.9 million through Q3 of 2023, indicating a decline in operational efficiency.
SG&A Expense Analysis: SG&A expenses were $62.7 million, or 24.5% of revenue, compared to $57.1 million or 25.3% of revenue in Q3 of 2023, reflecting increased operational costs.
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TASK Earning Call Sentiment
TaskUs, Inc. (TASK) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
TASK.O
-0.18%Positive
The earnings call revealed a reduction in guidance, competitive pressures, and negative short-term margin impacts due to investments, all contributing to a negative sentiment. Legal risks and client concentration further heighten concerns. Despite revenue growth and optimistic Q4 guidance, the market may react negatively due to weak Q3 results, particularly with missed EBITDA guidance and ongoing risks. The small-cap nature of the company suggests a more pronounced stock reaction.