Perspecta (NASDAQ:PRSP) Issues FY20 Earnings Guidance

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Perspecta (NASDAQ:PRSP) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of $2.08-2.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.09. The company issued revenue guidance of $4.425-4.50 (Prior $4.4-4.5 billion), compared to the consensus revenue estimate of $4.47 billion.

A number of brokerages recently weighed in on PRSP. Morgan Stanley raised their price objective on Perspecta from $21.00 to $22.00 and gave the company an underweight rating in a report on Monday, September 23rd. Zacks Investment Research cut Perspecta from a buy rating to a hold rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of Hold and a consensus price target of $23.60.

Perspecta stock traded up $0.75 during trading hours on Thursday, reaching $28.55. The company had a trading volume of 15,486 shares, compared to its average volume of 781,880. The company has a 50-day moving average price of $26.19 and a 200 day moving average price of $24.29. Perspecta has a 12-month low of $15.74 and a 12-month high of $28.11.

Perspecta (NASDAQ:PRSP) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Perspecta’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share.

About Perspecta

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