Recap: Target Hospitality Q2 Earnings

Shares of Target Hospitality TH were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share fell 215.38% over the past year to ($0.15), which missed the estimate of ($0.11).

Revenue of $53,620,000 declined by 34.09% year over year, which beat the estimate of $39,420,000.

Guidance

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

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

Conference Call Details

Date: Aug 10, 2020

Time: 09:00 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=140899

Price Action

Company's 52-week high was at $7.97

Company's 52-week low was at $1.19

Price action over last quarter: down 39.08%

Company Overview

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.