Shares of Target Hospitality TH were unchanged after the company reported Q1 results.
Quarterly Results
Earnings per share fell 380.00% year over year to ($0.14), which missed the estimate of ($0.09).
Revenue of $45,492,000 declined by 36.51% year over year, which beat the estimate of $40,930,000.
Looking Ahead
The upcoming fiscal year's revenue expected to be between $260,000,000 and $270,000,000.
How To Listen To The Conference Call
Date: May 24, 2021
Time: 09:00 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2541/41348
Price Action
Company's 52-week high was at $4.29
Company's 52-week low was at $0.82
Price action over last quarter: down 11.04%
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. Its operating segment includes Permian Basin; Bakken Basin; Government; TCPL Keystone and others. 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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