TaskUs Sees Q4 Revenue $225M-$227M Vs $220.6M Est.; FY23 Revenue $915M-$917M Vs $905.57M Est.
Portfolio Pulse from Benzinga Newsdesk
TaskUs has provided its Q4 and full year 2023 financial outlook. The company expects Q4 revenue to be between $225M-$227M, higher than the estimated $220.6M. For FY23, the revenue is projected to be $915M-$917M, surpassing the estimated $905.57M. The adjusted EBITDA margin is expected to be around 22.5% for Q4 and 23.3% for the full year. Free cash flow for 2023, excluding payment for earn-out consideration, is expected to be over $115M.
November 06, 2023 | 9:11 pm
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POSITIVE IMPACT
TaskUs has projected higher than estimated revenues for Q4 and FY23. This positive outlook could potentially boost investor confidence and have a positive impact on the company's stock price in the short term.
Companies that project higher than estimated revenues often see a positive reaction in their stock price as this indicates strong business performance and growth potential. Therefore, TaskUs' positive revenue outlook could potentially boost its stock price in the short term.
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