Parsons slips after fourth-quarter results miss estimates

Parsons

19/02/2025 12:29

** Shares of cybersecurity firm Parsons Corp  PSN.N  down
8.8% at $67 premarket
    ** Co reports Q4 adjusted EPS of 78 cents, compared with
average analyst estimate of 91 cents, according to data compiled
by LSEG
    ** Q4 revenue $1.73 bln vs. estimates of $1.76 bln
    ** Co forecasts FY25 revenue in the range of $7.0 bln to
$7.5 bln vs. estimates of $7.4 bln 
    ** Ten of eleven brokerages rate the stock "buy" or higher,
one "hold"; their median PT is $110 - LSEG 
    ** PSN stock had fallen 20.3% YTD

 (Reporting by Sanchayaita Roy in Bengaluru)
 ((sanchayaita.roy@thomsonreuters.com))