Parsons Corp reports results for the quarter ended in September 30 - Earnings Summary

Parsons

30/10/2024 15:15

* Parsons Corp  PSN.N  reported quarterly adjusted earnings
of 95
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 69 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 80 cents per share. Wall Street
expected results to range from 71 cents to 93 cents per share.
    * Revenue rose 27.6% to $1.81 billion from a year ago;
analysts
expected $1.64 billion. 
    * Parsons Corp's reported EPS for the quarter was 65 cents​.
    * The company reported quarterly net income of $71.95
million.
    * Parsons Corp shares had risen by 1.3% this quarter and
gained 67.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Parsons Corp is
111.50 
This summary was machine generated from LSEG data October 30 at
03:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.80           0.95           Beat
 Jun. 30 2024      0.69           0.84           Beat
 Mar. 31 2024      0.62           0.70           Beat
 Dec. 31 2023                     0.69