Parsons Corporation (PSN) Misses Q2 EPS by 19c, Lowers FY Guidance

Parsons Corporation (NYSE: PSN) reported Q2 EPS of $0.32, $0.19 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $879 million versus the consensus estimate of $984.97 million.

GUIDANCE:

Parsons Corporation sees FY2021 revenue of $3.6-3.7 million, versus the consensus of $3.94 million.

The company is updating its fiscal year 2021 guidance based on its financial results for the first half of 2021 and its current outlook for the remainder of year. The table below summarizes the company’s fiscal year 2021 guidance.

Net income guidance is not presented as the company believes volatility associated with interest, taxes, depreciation, amortization and other matters affecting net income, including but not limited to one-time and nonrecurring events and impact of M&A, will preclude the company from providing accurate net income guidance for fiscal year 2021.

For earnings history and earnings-related data on Parsons Corporation (PSN) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Keurig Dr Pepper coffee chief to depart ahead of planned split
• Bristow Group to acquire Berry Aviation for $105 million