Target Hospitality Poised for 2.6% Revenue Rise to $85.2M in Q4 Earnings
Target Hospitality will report Q4 earnings on March 11 with analysts projecting 2.6% year-over-year revenue growth to $85.2 million following last quarter’s $99.36 million in revenues, a 4.4% increase that beat EPS and EBITDA estimates. Utilized beds fell 38.3% year-over-year to 8,112 last quarter.
1. Upcoming Q4 Earnings Report
Target Hospitality will release Q4 results on March 11 before market open, with analysts forecasting revenues of $85.2 million, up 2.6% year-over-year, and an EPS loss of $0.10, reversing last year’s 33.7% revenue decline in the same quarter.
2. Q3 Financial Performance
In the prior quarter, the company generated $99.36 million in revenues, a 4.4% increase year-over-year, beating both EPS and EBITDA consensus estimates. Utilized beds dropped 38.3% to 8,112 as workforce housing demand softened in certain regions.
3. Peer Comparisons and Analyst Sentiment
Competitors Viking and Frontier posted year-over-year revenue growth of 27.8% and flat growth respectively, with mixed stock reactions. Target Hospitality shares climb 8.5% over the past month, trading at $7.92 against an average analyst price target of $10.50.