Target Hospitality Q3 EPS $0.43, Inline, Sales $145.90M Beat $140.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Target Hospitality (NASDAQ:TH) reported Q3 earnings of $0.43 per share, in line with analyst consensus. This is a 115% increase from the same period last year. Quarterly sales were $145.90 million, beating the analyst consensus of $140.77 million by 3.64%, but a decrease of 8.56% from last year.
November 08, 2023 | 11:47 am
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NEUTRAL IMPACT
Target Hospitality's Q3 earnings met expectations and sales beat estimates, but both earnings and sales have decreased compared to last year.
While Target Hospitality's Q3 earnings met expectations and sales beat estimates, the YoY decrease in both earnings and sales could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
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