Target Hospitality Corp. (NASDAQ:TH) is reporting third quarter financial results on Monday 9th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, TH is expected to report 3Q20 loss of $ 0.12 per share from revenue of $ 42.26 million.
For the full year, analysts anticipate top line of $ 208.12 million, while looking forward to loss of $ 0.34 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 207.00 million ~ $ 212.00 million
Click Here For More Historical Outlooks Of Target Hospitality Corp.
Previous Quarter Performance
Target Hospitality Corp. came out with loss for the second quarter of $ 0.15 per share, from the revenue of $ 53.62 million. The quarterly revenues dropped 34.10 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.11 per share from $ 39.42 million in revenue. The bottom line results missed street analysts by $ 0.04 or 36.36 percent, at the same time, top line results outshined analysts by $ 14.20 million or 36.02 percent.
Stock Performance
On Friday, shares of Target Hospitality Corp. has traded high as $ 1.43 and has cracked $ 1.34 on the downward trend, reaching $ 1.39 with volume of 408.70 thousand shares.
According to the previous trading day, closing price of $ 1.39, representing a 70.73 % increase from the 52 week low of $ 0.82 and a 75.74 % decrease over the 52 week high of $ 5.77.
The company has a market capital of $ 142.04 million and is part of the Industrials sector and Conglomerates industry.
Conference Call
Target Hospitality Corp. will be hosting a conference call at 9:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.targethospitality.com
Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp.
