Market Overview

Recap: Target Hospitality Q1 Earnings

Share:

Shares of Target Hospitality (NASDAQ:TH) fell 12.7% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 76.19% over the past year to $0.05, which missed the estimate of $0.06.

Revenue of $71,655,000 declined by 12.62% from the same period last year, which missed the estimate of $72,030,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

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

How To Listen To The Conference Call

Date: May 28, 2020

Time: 09:00 AM

ET Webcast URL: https://investors.targethospitality.com/presentations-and-events/events-calendar/default.aspx

Price Action

Company's 52-week high was at $10.99

52-week low: $1.19

Price action over last quarter: Up 12.94%

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.

 

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Posted-In: Earnings News