Compared to Estimates, Target Hospitality (TH) Q2 Earnings: A Look at Key Metrics

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]