Target Hospitality Q2 2024 GAAP EPS $0.18 Beats $0.17 Estimate, Sales $100.721M Beat $100.633M Estimate
Portfolio Pulse from Benzinga Newsdesk
Target Hospitality (NASDAQ:TH) reported Q2 2024 earnings per share (EPS) of $0.18, beating the analyst estimate of $0.17. Sales were $100.721 million, slightly above the $100.633 million estimate. However, both EPS and sales showed significant declines compared to the same period last year.
August 07, 2024 | 10:51 am
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Target Hospitality reported Q2 2024 EPS of $0.18, beating the $0.17 estimate. Sales were $100.721M, slightly above the $100.633M estimate. However, both EPS and sales showed significant declines compared to the same period last year.
While Target Hospitality beat both EPS and sales estimates, the significant year-over-year declines in both metrics may concern investors. The short-term impact on the stock price is likely to be neutral as the positive beat is offset by the negative YoY performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100