Target Hospitality (TH) Misses Q2 EPS by 2c, Offers Outlook

Target Hospitality (NASDAQ: TH) reported Q2 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $75 million versus the consensus estimate of $72.03 million.

GUIDANCE:

Target Hospitality sees FY2021 revenue of $235-245 million vs $267.3 consensus.

• 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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