Target Hospitality Sees FY24 Revenue Of $410M - $425M Vs. $456.13M Est.
Portfolio Pulse from Benzinga Newsdesk
Target Hospitality forecasts its FY24 revenue to be between $410M and $425M, which is below the estimated $456.13M by analysts.
December 13, 2023 | 11:56 am
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Target Hospitality (TH) predicts FY24 revenue below analyst estimates, potentially impacting investor confidence and stock price.
Target Hospitality's revenue forecast for FY24 falls short of the analysts' expectations, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term. The forecast is a critical piece of information for investors as it directly relates to the company's future financial performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100