Parsons Reports Fourth Quarter and Full Year 2020 Results
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Cowen Downgrades Parsons Corp. (PSN) to Market Perform
February 25, 2021 6:52 AM ESTCowen analyst Jeff Molinari downgraded Parsons Corp. (NYSE: PSN) from Outperform to Market Perform with a price target of $33.00 (from $40.00).
The analyst comments "Disappointing Q4 and light 2021 guide due to COVID overhang & pass thru burnoff aren't valid reason for huge concern. But... More
Parsons Corp. (PSN) PT Lowered to $33 at Cowen
February 25, 2021 5:30 AM ESTCowen analyst Jeff Molinari lowered the price target on Parsons Corp. (NYSE: PSN) to $33.00 (from $40.00) while maintaining a Outperform rating.
The analyst comments "Disappointing Q4 and light 2021 guide due to COVID overhang & pass thru burnoff aren't valid reason for huge concern. But... More
Parsons Corporation (PSN) Tops Q4 EPS by 17c, Revenues Miss; Offers FY21 Revenue Outlook Below Consensus
February 24, 2021 6:36 AM ESTParsons Corporation (NYSE: PSN) reported Q4 EPS of $0.51, $0.17 better than the analyst estimate of $0.34. Revenue for the quarter came in at $964.25 million versus the consensus estimate of $1.04 billion.
Q4 2020 Highlights
Revenue of $964 million, includes $45 million of adverse impact from COVID-19Net income of $22 million and margin of 2.2%; adjusted EBITDA of $90 million and margin of 9.4%Cash flow from operating activities of $176 millionBook-to-bill ratio of 1.1x for Q4... More