Parsons Corporation (NYSE:PSN) is set to announce third quarter earning results on Wednesday 4th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PSN to report 3Q20 income of $ 0.33 per share.
For the full year, analysts anticipate top line of $ 4014.82 million, while looking forward to income of $ 1.07 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 3,950.00 million ~ $ 4,050.00 million
Click Here For More Historical Outlooks Of Parsons Corporation
Previous Quarter Performance
Parsons Corporation disclosed income for the second quarter of $ 0.49 per share, from the revenue of $ 979.46 million. The quarterly earnings expanded 11.36 percent while revenues contracted 1.04 percent compared with the same quarter last year.
Wall street analysts are predicting, PSN to report 2Q20 income of $ 0.29 per share from revenue of $ 990.42 million. The bottom line results beat street analysts by $ 0.2 or 68.97 percent, at the same time, top line results fell short of analysts by $ 10.96 million or 1.11 percent.
Stock Performance
Shares of Parsons Corporation traded up $ 1.36 or 4.22 percent on Tuesday, reaching $ 33.59 with volume of 637.80 thousand shares. Parsons Corporation has traded high as $ 33.73 and has cracked $ 32.33 on the downward trend
According to the previous trading day, closing price of $ 33.59, representing a 30.64 % increase from the 52 week low of $ 24.67 and a 29.01 % decrease over the 52 week high of $ 45.40.
The company has a market capital of $ 3.38 billion and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
Parsons Corporation will be hosting a conference call at 8:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.parsons.com
Parsons Corporation provides technology based solutions in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates in two segments, Federal Solutions and Critical Infrastructure. The company offers cybersecurity software and engineering services, hardware prototyping, and other technical services to the U.S.
