Shares of Target Hospitality (NASDAQ:TH) fell 2.1% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share fell 242.86% over the past year to ($0.10), which beat the estimate of ($0.12).
Revenue of $51,610,000 decreased by 32.19% from the same period last year, which beat the estimate of $37,570,000.
Guidance
The upcoming fiscal year’s revenue expected to be between $235,000,000 and $245,000,000.
Conference Call Details
Date: Mar 30, 2021
Time: 09:00 AM
Recent Stock Performance
52-week high: $4.29
Company’s 52-week low was at $0.82
Price action over last quarter: Up 60.84%
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.
