Target Hospitality (TH) Misses Q3 EPS, Announces $100M Stock Buyback

Target Hospitality (NASDAQ: TH) reported Q3 EPS of $0.20, $0.35 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $159.6 million versus the consensus estimate of $158.2 million.

Authorized up to $100 million stock repurchase plan, expanding the range of potential value enhancing capital allocation initiatives

GUIDANCE:

Target Hospitality sees Q4 2022 revenue of $495-500 million, versus the consensus of $509.8 million.

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

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