Target Hospitality: Q1 Earnings Snapshot
Posted May 24, 2021 4:56 am.
Last Updated May 24, 2021 5:00 am.
THE WOODLANDS, Texas (AP) _ Target Hospitality Corp. (TH) on Monday reported a first-quarter loss of $13.1 million, after reporting a profit in the same period a year earlier.
The The Woodlands, Texas-based company said it had a loss of 14 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The company posted revenue of $45.5 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $40.9 million.
Target Hospitality expects full-year revenue in the range of $260 million to $270 million.
The company’s shares closed at $2.90. A year ago, they were trading at $1.96.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TH at https://www.zacks.com/ap/TH
The Associated Press
