Stock Analysis

TASK Group Holdings Full Year 2023 Earnings: EPS Beats Expectations

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ASX:TSK
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TASK Group Holdings (ASX:TSK) Full Year 2023 Results

Key Financial Results

  • Revenue: NZ$65.4m (up 100% from FY 2022).
  • Net income: NZ$365.0k (up from NZ$24.1m loss in FY 2022).
  • Profit margin: 0.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
  • EPS: NZ$0.001 (up from NZ$0.091 loss in FY 2022).
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ASX:TSK Earnings and Revenue Growth June 3rd 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

TASK Group Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for TASK Group Holdings you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.