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Strength Seen in Target Hospitality (TH): Can Its 36.4% Jump Turn into More Strength?
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Target Hospitality (TH - Free Report) shares ended the last trading session 36.4% higher at $12.66. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 21.8% gain over the past four weeks.
Shares of Target Hospitality surged in the latest session after the announcement of a transformative $550 million multi-year contract with a top-five global hyperscaler, tied to the development of a data center campus in North Texas. Beyond the $550 million in committed minimum revenue, the deal offers an additional $20 million to $40 million in potential annual variable revenue. This landmark agreement prompted management to immediately raise its 2026 revenue guidance to a range of $360 million to $370 million and its Adjusted EBITDA outlook to $70 million to $80 million.
This company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -120%. Revenues are expected to be $74.37 million, up 6.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Target Hospitality, the consensus EPS estimate for the quarter has been revised 42.2% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on TH going forward to see if this recent jump can turn into more strength down the road.
Target Hospitality is part of the Zacks Leisure and Recreation Services industry. Expedia (EXPE - Free Report) , another stock in the same industry, closed the last trading session 1.4% lower at $227.67. EXPE has returned 7.3% in the past month.
Expedia's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.31. Compared to the company's year-ago EPS, this represents a change of +227.5%. Expedia currently boasts a Zacks Rank of #3 (Hold).
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Strength Seen in Target Hospitality (TH): Can Its 36.4% Jump Turn into More Strength?
Target Hospitality (TH - Free Report) shares ended the last trading session 36.4% higher at $12.66. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 21.8% gain over the past four weeks.
Shares of Target Hospitality surged in the latest session after the announcement of a transformative $550 million multi-year contract with a top-five global hyperscaler, tied to the development of a data center campus in North Texas. Beyond the $550 million in committed minimum revenue, the deal offers an additional $20 million to $40 million in potential annual variable revenue. This landmark agreement prompted management to immediately raise its 2026 revenue guidance to a range of $360 million to $370 million and its Adjusted EBITDA outlook to $70 million to $80 million.
This company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -120%. Revenues are expected to be $74.37 million, up 6.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Target Hospitality, the consensus EPS estimate for the quarter has been revised 42.2% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on TH going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Target Hospitality is part of the Zacks Leisure and Recreation Services industry. Expedia (EXPE - Free Report) , another stock in the same industry, closed the last trading session 1.4% lower at $227.67. EXPE has returned 7.3% in the past month.
Expedia's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.31. Compared to the company's year-ago EPS, this represents a change of +227.5%. Expedia currently boasts a Zacks Rank of #3 (Hold).