Target Hospitality (TH) Tops Q3 EPS by 5c, Offers Guidance

Target Hospitality (NASDAQ: TH) reported Q3 EPS of $0.07, $0.05 better than the analyst estimate of $0.02. Revenue for the quarter came in at $89.2 million versus the consensus estimate of $77.33 million.

GUIDANCE:

Target Hospitality sees FY2021 revenue of $280-285 million, versus the consensus of $274.8 million.

• Adjusted EBITDA(1) between $110 and $113 million
• Interest expense(2) between $33 and $35 million
• Discretionary Cash Flow(1) between $75 and $80 million
• Total capital spending between $25 and $30 million, excluding acquisitions
• Targeting a total net leverage(3) ratio below 3.0x by year end 2021

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

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