Perspecta (NASDAQ:PRSP) Releases FY 2020 After-Hours Earnings Guidance
Perspecta (NASDAQ:PRSP) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.12-2.18 for the period, compared to the Thomson Reuters consensus estimate of $2.13. The company issued revenue guidance of $4.45-4.5 billion, compared to the consensus revenue estimate of $4.48 billion.Perspecta also updated its FY20 guidance to $2.12-2.18 EPS.
Shares of NASDAQ:PRSP traded down $0.45 during trading on Friday, reaching $24.68. The stock had a trading volume of 1,584,799 shares, compared to its average volume of 1,264,357. Perspecta has a 52 week low of $20.03 and a 52 week high of $29.88. The stock has a fifty day simple moving average of $26.92 and a two-hundred day simple moving average of $26.12.
Perspecta (NASDAQ:PRSP) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business earned $0.47 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year.
PRSP has been the topic of a number of research reports. Zacks Investment Research raised shares of Perspecta from a strong sell rating to a hold rating in a research report on Thursday, January 16th. Wells Fargo & Co lowered shares of Perspecta from an overweight rating to an equal weight rating and dropped their target price for the stock from $31.00 to $26.00 in a research report on Thursday, February 6th. Finally, BidaskClub downgraded shares of Perspecta from a hold rating to a sell rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $24.00.
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