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Theratechnologies Provides Update on EGRIFTA SV® Supply
Globenewswire· 2025-01-09 22:05
Company Overview - Theratechnologies is a biopharmaceutical company focused on developing and commercializing innovative therapies for unmet medical needs [2] - The company is publicly traded on the TSX (TH) and NASDAQ (THTX) [2] Product Situation - EGRIFTA SV (tesamorelin for injection) is the only FDA-approved medicine of its kind for people with HIV [1] - A shortage of EGRIFTA SV will occur at the patient level in mid-January 2025 due to a voluntary shutdown of the contract manufacturing facility in 2024 [4] - Some pharmacies in the United States still have remaining inventory, but several have reported stockouts [4] Regulatory Process - Theratechnologies filed a Prior Approval Supplement (PAS) with the FDA on December 18, 2024 [5] - The company submitted questions regarding two recently manufactured batches of EGRIFTA SV waiting to be released [5] - FDA confirmed it will respond to the company's questions in writing by February 8, 2025 [5] Forward-Looking Statements - The company expects FDA to provide answers to its questions by February 8, 2025 [8] - Assumes current market demand for EGRIFTA SV will remain unaffected [8] - Believes the shortage will not adversely impact the company's financial conditions [8] - Anticipates being able to negotiate waivers of defaults with secured creditors if needed [8]
Target Hospitality Advances Growth Priorities with Strategic Hire
Prnewswire· 2024-12-30 11:45
THE WOODLANDS, Texas, Dec. 30, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced the hiring of Brendan Dowhaniuk as Executive Vice President of Strategy and Corporate Development. Mr. Dowhaniuk will be responsible for advancing the Company's key strategic priorities, including mergers and acquisitions, and f ...
Should Value Investors Buy Target Hospitality (TH) Stock?
ZACKS· 2024-11-18 15:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that t ...
Here's What Key Metrics Tell Us About Target Hospitality (TH) Q3 Earnings
ZACKS· 2024-11-12 15:31
For the quarter ended September 2024, Target Hospitality (TH) reported revenue of $95.19 million, down 34.8% over the same period last year. EPS came in at $0.20, compared to $0.43 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $87.9 million, representing a surprise of +8.30%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being $0.12.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...
Target Hospitality (TH) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-12 13:55
Target Hospitality (TH) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.18, delivering a surprise of 5.88%.Over the last four quarters, the company ...
Gear Up for Target Hospitality (TH) Q3 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-11-08 15:16
Core Viewpoint - Target Hospitality (TH) is expected to report a significant decline in quarterly earnings and revenues, indicating potential challenges ahead for the company [1]. Financial Performance Expectations - Analysts forecast quarterly earnings of $0.12 per share, reflecting a year-over-year decline of 72.1% [1]. - Anticipated revenues are projected to be $87.9 million, which represents a decline of 39.8% compared to the same quarter last year [1]. Analyst Consensus and Revisions - Over the past 30 days, there have been no revisions in the consensus EPS estimate for the quarter, indicating stability in analysts' forecasts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3]. Key Revenue Metrics - Revenue from 'Hospitality & Facilities Services - South' is estimated to reach $36.29 million, showing a year-over-year change of -3.3% [5]. - The 'Revenue- Government' segment is expected to be $48.95 million, indicating a significant year-over-year decline of 53.6% [5]. Profitability Estimates - The consensus for 'Adjusted Gross Profit- Hospitality & Facilities Services - South' is projected at $12.38 million, down from $14.08 million reported in the same quarter last year [6]. - For 'Adjusted Gross Profit- Government', the estimate stands at $37.50 million, a decrease from $90.52 million reported in the previous year [6]. Stock Performance - Over the past month, shares of Target Hospitality have increased by 10.6%, outperforming the Zacks S&P 500 composite, which rose by 4.9% [6]. - Target Hospitality currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6].
Target Hospitality (TH) Surges 5.7%: Is This an Indication of Further Gains?
ZACKS· 2024-11-07 11:45
Target Hospitality (TH) shares ended the last trading session 5.7% higher at $8.56. 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 6.3% gain over the past four weeks.Target Hospitality's stock rally is driven by optimism about its robust financial health, highlighted by strong liquidity and revenue visibility. The company’s efficient operating model and cost-effective network capabilities, combined with ongoing hi ...
What To Buy On A Trump Win
Seeking Alpha· 2024-11-06 16:13
As I'm writing this in the pre-market, it appears to be virtually certain Trump will take down the 2024 U.S. elections. In the past, I've enjoyed writing up election winners and have seen them continue to perform well. HereBram de Haas brings 15 years of investing experience to the table and has over 5 years of experience managing a Euro hedge fund. He is also a former professional poker player and utilizes his bundle of risk management skills to uncover lucrative investments based on special situations.Ana ...
Is the Options Market Predicting a Spike in Target Hospitality (TH) Stock?
ZACKS· 2024-08-09 14:31
Investors in Target Hospitality Corp. (TH) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $5 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...
Compared to Estimates, Target Hospitality (TH) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-07 15:01
Group 1 - Target Hospitality reported revenue of $100.72 million for the quarter ended June 2024, a year-over-year decline of 29.9% [1] - The EPS for the same period was $0.18, down from $0.44 a year ago, with a surprise of +5.88% over the consensus estimate of $0.17 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $100.63 million by +0.09% [1] Group 2 - Revenue from Hospitality & Facilities Services - South was $38.23 million, slightly above the average estimate of $36.91 million, representing a year-over-year change of -2.4% [3] - Revenue from All Other segments was $2.63 million, exceeding the average estimate of $1.57 million, but showing a year-over-year decline of -20.3% [4] - Government revenue was $59.86 million, slightly below the average estimate of $60.50 million, with a significant year-over-year decline of -40.8% [5] Group 3 - Adjusted Gross Profit for Hospitality & Facilities Services - South was $13.07 million, compared to the estimated $13.16 million [6] - Adjusted Gross Profit for Government was $48.84 million, exceeding the average estimate of $44.17 million [7] Group 4 - Shares of Target Hospitality have returned +3.5% over the past month, contrasting with the Zacks S&P 500 composite's -5.9% change [7] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [7]