Gear Up for Target Hospitality (TH) Q3 Earnings: Wall Street Estimates for Key Metrics

Core Viewpoint - Target Hospitality (TH) is expected to report a significant decline in quarterly earnings and revenues, indicating potential challenges ahead for the company [1]. Financial Performance Expectations - Analysts forecast quarterly earnings of $0.12 per share, reflecting a year-over-year decline of 72.1% [1]. - Anticipated revenues are projected to be $87.9 million, which represents a decline of 39.8% compared to the same quarter last year [1]. Analyst Consensus and Revisions - Over the past 30 days, there have been no revisions in the consensus EPS estimate for the quarter, indicating stability in analysts' forecasts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3]. Key Revenue Metrics - Revenue from 'Hospitality & Facilities Services - South' is estimated to reach $36.29 million, showing a year-over-year change of -3.3% [5]. - The 'Revenue- Government' segment is expected to be $48.95 million, indicating a significant year-over-year decline of 53.6% [5]. Profitability Estimates - The consensus for 'Adjusted Gross Profit- Hospitality & Facilities Services - South' is projected at $12.38 million, down from $14.08 million reported in the same quarter last year [6]. - For 'Adjusted Gross Profit- Government', the estimate stands at $37.50 million, a decrease from $90.52 million reported in the previous year [6]. Stock Performance - Over the past month, shares of Target Hospitality have increased by 10.6%, outperforming the Zacks S&P 500 composite, which rose by 4.9% [6]. - Target Hospitality currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6].