Benzinga | Nov 9, 2020 07:14AM EST

Target Hospitality: Q3 Earnings Insights



Shares of Target Hospitality (NASDAQ:TH) rose 1.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 172.73% over the past year to ($0.08), which beat the estimate of ($0.12).

Revenue of $48,263,000 decreased by 40.89% from the same period last year, which beat the estimate of $42,260,000.

Guidance

Target Hospitality hasn't issued any earnings guidance for the time being.

The upcoming fiscal year's revenue expected to be between $207,000,000 and $212,000,000.

Conference Call Details

Date: Nov 09, 2020

Time: 09:00 AM

ET Webcast URL:

Technicals

Company's 52-week high was at $5.87

Company's 52-week low was at $0.82

Price action over last quarter: down 13.50%

Company Description

Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Target Hospitality serves clients in the oil, gas, mining, alternative energy, government, and immigration sectors. It generates a majority of its revenue from the Permian Basin which consists of specialty rental and vertically integrated hospitality services revenue from customers in the oil and gas industry.