We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in Store for Target Hospitality (TH) in Q4 Earnings?
Read MoreHide Full Article
Target Hospitality Corp. (TH - Free Report) is scheduled to report fourth-quarter 2023 results on Mar 13, before the opening bell. In the last reported quarter, the company’s earnings matched the Zacks Consensus Estimate of 43 cents.
How are Estimates Placed?
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 24 cents, indicating a 22.6% deterioration from 31 cents reported in the year-ago quarter.
For revenues, the consensus mark is pegged at nearly $118 million, suggesting a decline of 22.6% from the year-ago quarter’s figure.
Let’s analyze the factors that are likely to make an impact this earnings season.
Factors at Play
Target Hospitality’s fourth-quarter performance is likely to have benefited from a materially expanded presence (providing critical hospitality solutions to the U.S. government), strong customer demand (in Hospitality and Facility Services – South or HFS-South segment) and a normalized pricing environment. The Zacks Consensus Estimate for fourth-quarter revenues from the HFS-South segment is pegged at $38.5 million compared with $34.6 million reported in the prior-year quarter.
Increased focus on strategic partnerships (to jointly pursue the creation of new ICF sites) and solutions for various U.S. government agencies and commercial applications (supporting national defense, energy transition and humanitarian efforts) are likely to have aided the company’s performance in the to-be-reported quarter.
However, potential changes in government policies, including those related to immigration, could negatively impact the business, affecting both the company's operations and its contractor customers. The Zacks Consensus estimate for fourth-quarter government segment revenues is pegged at $78 million, compared with $115 million reported in the prior-year quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Target Hospitality this time. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. However, that's not the case here.
Earnings ESP: Target Hospitality has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are some stocks from the Zacks Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to post an earnings beat.
PVH Corp. (PVH - Free Report) has an Earnings ESP of +1.23% and a Zacks Rank #2.
PVH’s earnings for the to-be-reported quarter are expected to increase 46.6% year over year. Notably, the company reported better-than-expected earnings in each of the trailing four quarters, the average surprise being 18.9%.
Guess?, Inc. (GES - Free Report) has an Earnings ESP of +4.25% and a Zacks Rank #2.
GES is expected to register a 10.9% year-over-year decline in earnings for the to-be-reported quarter. The company reported better-than-expected earnings in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 43.1%.
NIKE, Inc. (NKE - Free Report) has an Earnings ESP of +5.21% and a Zacks Rank #3.
NKE’s earnings for the to-be-reported quarter are expected to decline 11.4% year over year. The company reported better-than-expected earnings in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 25%.
Image: Bigstock
What's in Store for Target Hospitality (TH) in Q4 Earnings?
Target Hospitality Corp. (TH - Free Report) is scheduled to report fourth-quarter 2023 results on Mar 13, before the opening bell. In the last reported quarter, the company’s earnings matched the Zacks Consensus Estimate of 43 cents.
How are Estimates Placed?
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 24 cents, indicating a 22.6% deterioration from 31 cents reported in the year-ago quarter.
For revenues, the consensus mark is pegged at nearly $118 million, suggesting a decline of 22.6% from the year-ago quarter’s figure.
Target Hospitality Corp. Price and EPS Surprise
Target Hospitality Corp. price-eps-surprise | Target Hospitality Corp. Quote
Let’s analyze the factors that are likely to make an impact this earnings season.
Factors at Play
Target Hospitality’s fourth-quarter performance is likely to have benefited from a materially expanded presence (providing critical hospitality solutions to the U.S. government), strong customer demand (in Hospitality and Facility Services – South or HFS-South segment) and a normalized pricing environment. The Zacks Consensus Estimate for fourth-quarter revenues from the HFS-South segment is pegged at $38.5 million compared with $34.6 million reported in the prior-year quarter.
Increased focus on strategic partnerships (to jointly pursue the creation of new ICF sites) and solutions for various U.S. government agencies and commercial applications (supporting national defense, energy transition and humanitarian efforts) are likely to have aided the company’s performance in the to-be-reported quarter.
However, potential changes in government policies, including those related to immigration, could negatively impact the business, affecting both the company's operations and its contractor customers. The Zacks Consensus estimate for fourth-quarter government segment revenues is pegged at $78 million, compared with $115 million reported in the prior-year quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Target Hospitality this time. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. However, that's not the case here.
Earnings ESP: Target Hospitality has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks Poised to Beat Earnings Estimates
Here are some stocks from the Zacks Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to post an earnings beat.
PVH Corp. (PVH - Free Report) has an Earnings ESP of +1.23% and a Zacks Rank #2.
PVH’s earnings for the to-be-reported quarter are expected to increase 46.6% year over year. Notably, the company reported better-than-expected earnings in each of the trailing four quarters, the average surprise being 18.9%.
Guess?, Inc. (GES - Free Report) has an Earnings ESP of +4.25% and a Zacks Rank #2.
GES is expected to register a 10.9% year-over-year decline in earnings for the to-be-reported quarter. The company reported better-than-expected earnings in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 43.1%.
NIKE, Inc. (NKE - Free Report) has an Earnings ESP of +5.21% and a Zacks Rank #3.
NKE’s earnings for the to-be-reported quarter are expected to decline 11.4% year over year. The company reported better-than-expected earnings in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 25%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.