Target Hospitality (TH) Misses Q1 EPS by 5c, Revenue Beats, Offers Guidance

Target Hospitality (NASDAQ: TH) reported Q1 EPS of ($0.14), $0.05 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $45.5 million versus the consensus estimate of $40.93 million.

Company is raising its 2021 financial outlook to:

• Total revenue between $260 and $270 million
• Adjusted EBITDA(1) between $97 and $107 million
• Interest expense(2) between $33 and $35 million
• Discretionary Cash Flow(1) between $65 and $70 million
• Total capital spending between $15 and $20 million, excluding acquisitions
• Targeting a total net leverage(3) ratio below 3.5x by year end 2021

For earnings history and earnings-related data on Target Hospitality (TH) click here.

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