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Should Value Investors Buy Target Hospitality (TH) Stock?
ZACKS· 2024-11-18 15:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that t ...
Here's What Key Metrics Tell Us About Target Hospitality (TH) Q3 Earnings
ZACKS· 2024-11-12 15:31
For the quarter ended September 2024, Target Hospitality (TH) reported revenue of $95.19 million, down 34.8% over the same period last year. EPS came in at $0.20, compared to $0.43 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $87.9 million, representing a surprise of +8.30%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being $0.12.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...
Target Hospitality (TH) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-12 13:55
Target Hospitality (TH) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.18, delivering a surprise of 5.88%.Over the last four quarters, the company ...
Gear Up for Target Hospitality (TH) Q3 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-11-08 15:16
Wall Street analysts forecast that Target Hospitality (TH) will report quarterly earnings of $0.12 per share in its upcoming release, pointing to a year-over-year decline of 72.1%. It is anticipated that revenues will amount to $87.9 million, exhibiting a decline of 39.8% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course o ...
Target Hospitality (TH) Surges 5.7%: Is This an Indication of Further Gains?
ZACKS· 2024-11-07 11:45
Target Hospitality (TH) shares ended the last trading session 5.7% higher at $8.56. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.3% gain over the past four weeks.Target Hospitality's stock rally is driven by optimism about its robust financial health, highlighted by strong liquidity and revenue visibility. The company’s efficient operating model and cost-effective network capabilities, combined with ongoing hi ...
What To Buy On A Trump Win
Seeking Alpha· 2024-11-06 16:13
As I'm writing this in the pre-market, it appears to be virtually certain Trump will take down the 2024 U.S. elections. In the past, I've enjoyed writing up election winners and have seen them continue to perform well. HereBram de Haas brings 15 years of investing experience to the table and has over 5 years of experience managing a Euro hedge fund. He is also a former professional poker player and utilizes his bundle of risk management skills to uncover lucrative investments based on special situations.Ana ...
Is the Options Market Predicting a Spike in Target Hospitality (TH) Stock?
ZACKS· 2024-08-09 14:31
Investors in Target Hospitality Corp. (TH) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $5 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...
Compared to Estimates, Target Hospitality (TH) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-07 15:01
Group 1 - Target Hospitality reported revenue of $100.72 million for the quarter ended June 2024, a year-over-year decline of 29.9% [1] - The EPS for the same period was $0.18, down from $0.44 a year ago, with a surprise of +5.88% over the consensus estimate of $0.17 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $100.63 million by +0.09% [1] Group 2 - Revenue from Hospitality & Facilities Services - South was $38.23 million, slightly above the average estimate of $36.91 million, representing a year-over-year change of -2.4% [3] - Revenue from All Other segments was $2.63 million, exceeding the average estimate of $1.57 million, but showing a year-over-year decline of -20.3% [4] - Government revenue was $59.86 million, slightly below the average estimate of $60.50 million, with a significant year-over-year decline of -40.8% [5] Group 3 - Adjusted Gross Profit for Hospitality & Facilities Services - South was $13.07 million, compared to the estimated $13.16 million [6] - Adjusted Gross Profit for Government was $48.84 million, exceeding the average estimate of $44.17 million [7] Group 4 - Shares of Target Hospitality have returned +3.5% over the past month, contrasting with the Zacks S&P 500 composite's -5.9% change [7] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [7]
Target Hospitality Reports Impressive Second Quarter 2024 Results with Continued Strong Operational Performance
Prnewswire· 2024-08-07 10:45
THE WOODLANDS, Texas, Aug. 7, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended June 30, 2024. Financial and Operational Highlights Revenue of $100.7 million for the three months ended June 30, 2024. Net income of $18.4 million for the three months ended June 30, 2024. Basic ...
Target Hospitality Announces Second Quarter 2024 Earnings Release and Conference Call Schedule
Prnewswire· 2024-07-31 10:45
The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. Please utilize the Direct Phone Dial option to be immediately entered into the conference call once you are ready to connect. About Target Hospitality SOURCE Target Hospitality THE WOODLANDS, Texas, July 31, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vert ...