Target Hospitality (NASDAQ:TH) will announce its latest earnings report on Monday, May 24. The following is Benzinga’s prediction for the company.
Earnings, Net Income, And Earnings Per Share
Earnings and earnings per share (EPS) are useful profitability indicators. Total earnings, often known as net income, are calculated by subtracting total revenue from total expenses. EPS is calculated by dividing net income by the total number of outstanding shares.
Target Hospitality is expected to lose $0.09 per share on sales of $40.93 million, according to sell-side analysts. Target Hospitality earned $0.05 per share on revenue of $71.66 million in the same quarter previous year.
Why Are Earnings Surprises And Analyst Estimates Important?
Each quarter, analysts covering this firm will release forward-looking sales and EPS projections. The “consensus estimates” are calculated by averaging each analyst’s EPS and revenue forecasts for a firm over the course of a quarter. An “earnings surprise” occurs when a company’s earnings or sales exceeds or falls below the consensus estimate, and it can cause the stock to move significantly.
The Wall Street projection represents a 280.0 percent drop in earnings for the company. Revenue would have dropped 42.88 percent from the previous quarter. In the past, the company’s reported EPS has matched analyst estimates like this:
Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020 EPS Estimate -0.09 -0.12 -0.11 EPS Actual -0.14 -0.10 -0.08 -0.15 Revenue Estimate -0.09 -0.12 -0.11 EPS Actual -0.14 -0.10 -0.08 -0.15
37.57 M 42.26 M 39.42 M 40.93 M 37.57 M 42.26 M 39.42 M
Actual Revenue
45.49 M 51.61 M 48.26 M 53.62 M 45.49 M 51.61 M 48.26 M
Performance of the Stock Market
As of July 13, Target Hospitality’s stock was trading at $3.39. The stock has gained 120.51 percent in the last 52 weeks. Long-term stockholders should be satisfied going into this earnings report because these returns are normally positive.
Don’t be shocked if the stock moves as a result of comments made during the company’s conference call. Target Hospitality’s conference call is planned for 09:00:00 ET and can be accessed here./n
