Target Hospitality TH is preparing to release its quarterly earnings on Wednesday, 2024-08-07. Here’s a brief overview of what investors should keep in mind before the announcement.
Analysts expect Target Hospitality to report an earnings per share (EPS) of $0.17.
Target Hospitality bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Performance in Previous Earnings
During the last quarter, the company reported an EPS beat by $0.05, leading to a 1.22% increase in the share price on the subsequent day.
Market Performance of Target Hospitality’s Stock
Shares of Target Hospitality were trading at $7.62 as of October 08. Over the last 52-week period, shares are down 50.39%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Target Hospitality visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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