Parsons Corp is a technology-driven engineering and construction firm that specializes in providing services to the defense, security, and infrastructure sectors
The company focuses on delivering innovative solutions to complex challenges, leveraging advanced technologies and data analytics to enhance project outcomes. Parsons’ expertise spans a wide range of capabilities, including cybersecurity, intelligence analysis, and systems engineering, thereby playing a pivotal role in modernizing critical infrastructure and safeguarding national interests. With a commitment to sustainability and community engagement, Parsons aims to create lasting impacts through its projects and solutions, contributing to the safety and resilience of communities worldwide.
Growth boosts valuation multiples, but it doesn’t always last forever.
Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
Shares of infrastructure and defense services provider Parsons (NYSEPSN) fell 11.1% in the afternoon session after the company reported disappointing fourth quarter earnings: its revenue, EPS, and EBITDA fell short of Wall Street's estimates along with its full-year revenue and EBITDA guidance. Parsons beat analysts' backlog expectations this quarter, but the weaker outlook implies the conversion of its backlog into sales will take longer than anticipated. Overall, this was a tough quarter.
Infrastructure and defense services provider Parsons (NYSEPSN) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 16.1% year on year to $1.73 billion. The company’s full-year revenue guidance of $7.25 billion at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP profit of $0.78 per share was 14.6% below analysts’ consensus estimates.
Discover PARSONS CORP, an undervalued growth gem. NYSE:PSN is shining in terms of growth metrics, and it's also displaying strong financial health and profitability, retaining an appealing valuation.
Shares of infrastructure and defense services provider Parsons (NYSEPSN) fell 9.1% in the afternoon session after peer, CACI, reported fourth-quarter earnings results, with markets increasingly worried that new cost-cutting initiatives by the US government would affect Defense contracts.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Parsons (NYSEPSN) and the rest of the defense contractors stocks fared in Q3.
Over the past six months, Parsons has been a great trade, beating the S&P 500 by 9.7%. Its stock price has climbed to $92.08, representing a healthy 17% increase. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at ICF (NASDAQICFI) and the best and worst performers in the defense contractors industry.
Globalstar Inc (AMEX:GSAT) shares are trading higher Wednesday. The company announced a partnership with Parsons Corp (NYSEPSN) to support the public, government and defense sectors.
