Target Hospitality Announces Third Quarter 2020 Results

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Go back to Target Hospitality Announces Third Quarter 2020 Results

Target Hospitality (TH) Tops Q3 EPS by 4c, Revenues Beat; Offers FY20 Revenue Mid-Point Guidance Above Consensus

November 9, 2020 6:50 AM EST

Target Hospitality (NASDAQ: TH) reported Q3 EPS of ($0.08), $0.04 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $48.3 million versus the consensus estimate of $42.26 million.

Financial and Operational Highlights for the Third Quarter 2020

Revenues of $48.3 million for the three months ended September 30, 2020 as compared to $81.6 million for the same period in 2019Net income (loss) of $(7.9) million for the three months ended September 30, 2020, compared to a net income of $9.6 million for the third quarter of 2019Basic and diluted (loss) per share of $(0.08) for the three months ended September 30,... More