NASDAQ$TH
Target Hospitality Corp · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Target Hospitality reported impressive 2021 results driven by strong government services demand and continued strengthening business fundamentals.
Target Hospitality Corp. reported strong Q4 2021 results, with revenue increasing to $81.7 million compared to $51.6 million for the same period in 2020 and net income of $2.8 million compared to a net loss of $9.3 million for the same period in 2020.
- Revenue increased due to the government services contract and increased demand in the HFS – South segment.
- Net income was $2.8 million, a significant improvement from the net loss in 2020.
- Adjusted EBITDA increased by 113% compared to the same period in 2020.
- Average utilized beds increased by 97% due to the government services contract and increased demand in the HFS – South segment.
Headline financials
Revenue & EPS history
Target Hospitality · Revenue · Quarterly
$81.7M
Revenue by segment
Target Hospitality · $80.1M total across 3 segments · Q4 2021
- Government$47M+242.2%58.6%
- Hospitality & Facilities Services - South$32.6M—40.7%
- All Other$530K+131.4%0.7%
Forward guidance
The Company announced its preliminary 2022 financial outlook.
Tailwinds
- Total revenue between $325 and $335 million
- Adjusted EBITDA between $125 and $135 million
- Total capital spending between $12 and $17 million, excluding acquisitions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2021
+2.0%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+4.5%
Avg return
30 days after
65%
20 / 31 earnings
Positive
+23.7%
Q4 2021
Best reaction
-34.9%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +17.9% | +21.7% | — | |
| Q4 2025 | +13.8% | +14.0% | +81.2% | |
| Q3 2025 | -15.5% | -15.4% | +6.7% | |
| Q1 2025 | +5.1% | +3.8% | -0.3% | |
| Q4 2024 | +6.4% | +7.3% | +3.6% | |
| Q3 2024 | +6.4% | -1.5% | -6.2% | |
| Q2 2024 | +12.5% | +10.5% | +10.5% | |
| Q1 2024 | +5.0% | +4.1% | +0.5% | |
| Q4 2023 | +4.8% | +1.8% | +25.4% | |
| Q3 2023 | -3.6% | -9.1% | -13.4% | |
| Q2 2023 | +7.8% | +13.5% | +21.9% | |
| Q1 2023 | +13.9% | +25.2% | +24.5% | |
| Q4 2022 | +6.0% | +8.4% | -23.0% | |
| Q3 2022 | +17.6% | +23.2% | +38.6% | |
| Q2 2022 | -9.6% | -2.6% | -7.8% | |
| Q1 2022 | -11.0% | -13.3% | -3.2% | |
| Q4 2021 | +23.7% | +18.6% | +19.6% | |
| Q3 2021 | -2.0% | -13.1% | -31.6% | |
| Q2 2021 | -16.4% | -14.4% | -4.2% | |
| Q1 2021 | +8.3% | +33.4% | +57.8% | |
| Q4 2020 | +6.8% | -7.7% | +29.7% | |
| Q3 2020 | +3.2% | +0.4% | +30.7% | |
| Q2 2020 | +12.4% | +13.8% | -9.0% | |
| Q1 2020 | +8.2% | +5.9% | -28.6% | |
| Q4 2019 | -34.9% | -3.1% | -58.3% | |
| Q3 2019 | -11.2% | -15.0% | -15.5% | |
| Q2 2019 | -13.5% | -12.2% | -8.9% | |
| Q1 2019 | -0.7% | -1.1% | -6.7% | |
| Q3 2018 | +0.1% | +0.2% | +1.7% | |
| Q2 2018 | +0.5% | +0.5% | +0.2% | |
| Q1 2018 | -0.5% | +1.0% | -0.7% | |
| Q4 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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