Workforce housing company Target Hospitality (NASDAQ: TH) will be announcing earnings results tomorrow morning. Here’s what you need to know.
Target Hospitality beat analysts’ revenue expectations by 8.3% last quarter, reporting revenues of $95.19 million, down 34.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates. It reported 13,138 utilized beds, down 9.4% year on year.
Is Target Hospitality a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Target Hospitality’s revenue to decline 36.5% year on year to $80.1 million, a further deceleration from the 17.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Target Hospitality has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5.5% on average.
Looking at Target Hospitality’s peers in the travel and vacation providers segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Pursuit’s revenues decreased 84.3% year on year, beating analysts’ expectations by 8.8%, and Choice Hotels reported revenues up 8.8%, topping estimates by 2.8%. Pursuit traded up 5.1% following the results while Choice Hotels was also up 1.9%.
Read our full analysis of Pursuit’s results here and Choice Hotels’s results here.
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