Overview
TaskUs Q3 revenue grows 17% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats analyst estimates
Adjusted EBITDA for Q3 misses analyst expectations
Outlook
TaskUs expects Q4 revenue between $302.4 mln and $304.4 mln
Company anticipates full-year revenue of $1.173 bln to $1.175 bln
TaskUs projects full-year Adjusted Free Cash Flow of ~$100 mln
Result Drivers
AI SERVICES GROWTH - TaskUs' AI Services segment grew over 50% year-over-year, driving overall revenue growth
TRUST + SAFETY GROWTH - Trust + Safety services saw nearly 20% year-over-year revenue growth, contributing to overall performance
INVESTMENT IN AI - TaskUs plans to increase investments in Generative AI services to support clients in the AI era
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $298.70 mln | $287.40 mln (5 Analysts) |
Q3 Adjusted EPS | Beat | $0.42 | $0.39 (6 Analysts) |
Q3 Adjusted Net Income | Beat | $39 mln | $37.50 mln (2 Analysts) |
Q3 Adjusted EBITDA | Miss | $63.50 mln | $66.90 mln (2 Analysts) |
Q3 Adjusted EBITDA Margin | 21.20% | ||
Q3 Free Cash Flow | $42 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for Taskus Inc is $16.50, about 24.3% above its November 6 closing price of $12.49
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nBwbbxcVca
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)