Target Hospitality (TH) reported Q3 EPS of $0.20, $0.35 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $159.6 million versus the consensus estimate of $158.2 million.
Authorized up to $100 million stock repurchase plan, expanding the range of potential value enhancing capital allocation initiatives
GUIDANCE:
Target Hospitality sees Q4 2022 revenue of $495-500 million, versus the consensus of $509.8 million.