Shares of TH are trading 8% higher today. Here's what's moving the stock:

Shares of Target Hospitality Corp (TH) are trading 8% higher at a price of $15.36 at the time of this writing. The stock is outmatching peers on a glum day for the Consumer Discretionary sector.

Th delivered earnings of $4.83 per share and revenue of $41.18 million in the second quarter of 2022, which exceeded the analyst consensus estimates by 37.77% and 4.43%, respectively. 

The strong results demonstrate that government services are still a key driver for Target Hospitality's growth across all markets. This suggests that TH may exhibit stronger-than-expected performance going forward.

Target Hospitality Corp has been trading between a 52-week high of $15.65 and a 52-week low of $2.72. The stock has a market cap of $1.49 Billion.

Target Hospitality is the largest provider of vertically integrated specialty rental accommodations and value- added hospitality services in the United States. Target Hospitality builds, owns, and operates customized housing communities for a range of end users, and offers a full suite of cost-effective hospitality solutions including culinary, catering, concierge, laundry and security services as well as recreational facilities. Target Hospitality primarily serves the energy and government sectors, and its growing network of 25 communities with over 13,000 rooms is designed to maximize workforce productivity and satisfaction.