Shares of Target Hospitality 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.
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