Workforce housing company Target Hospitality (NASDAQ: TH) will be announcing earnings results this Thursday before market open. Here’s what investors should know.
Target Hospitality beat analysts’ revenue expectations by 9.2% last quarter, reporting revenues of $61.61 million, down 38.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ EBITDA estimates. It reported 7,482 utilized beds, down 47.9% year on year.
Is Target Hospitality a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Target Hospitality’s revenue to decline 10.4% year on year to $85.3 million, improving from the 34.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Target Hospitality has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5.5% on average.
Looking at Target Hospitality’s peers in the travel and vacation providers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. American Airlines posted flat year-on-year revenue, meeting analysts’ expectations, and Lindblad Expeditions reported revenues up 16.6%, topping estimates by 4.6%. American Airlines traded up 14.3% following the results.
Read our full analysis of American Airlines’s results here and Lindblad Expeditions’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the travel and vacation providers stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. Target Hospitality is down 5.6% during the same time and is heading into earnings with an average analyst price target of $10.50 (compared to the current share price of $7.39).
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