Recap: Target Hospitality Q1 Earnings

Shares of Target Hospitality (NASDAQ:TH) fell 12.7% in pre-market trading after the company reported Q1 results.Quarterly Results

Earnings per share decreased 76.19% over the past year to $0.05, which missed the estimate of $0.06.

Revenue of $71,655,000 declined by 12.62% from the same period last year, which missed the estimate of $72,030,000.Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Target Hospitality hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call

Date: May 28, 2020

Time: 09:00 AM

ET Webcast URL: https://investors.targethospitality.com/presentations-and-events/events-calendar/default.aspxPrice Action

Company's 52-week high was at $10.99

52-week low: $1.19

Price action over last quarter: Up 12.94%Company Description

Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Target Hospitality serves clients in the oil, gas, mining, alternative energy, government, and immigration sectors. It generates a majority of its revenue from the Permian Basin which consists of specialty rental and vertically integrated hospitality services revenue from customers in the oil and gas industry.