Target Hospitality (NASDAQ:TH) Full Year 2023 Results

Key Financial Results

• Revenue: US$563.6m (up 12% from FY 2022).
• Net income: US$173.7m (up 135% from FY 2022).
• Profit margin: 31% (up from 15% in FY 2022). The increase in margin was primarily driven by higher revenue.
• EPS: US$1.71 (up from US$0.76 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Target Hospitality Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%.

Looking ahead, revenue is expected to decline by 19% p.a. on average during the next 2 years, while revenues in the Hospitality industry in the US are expected to grow by 9.6%.

Performance of the American Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Target Hospitality that we have uncovered.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.