Parsons Corporation Expects FY23 Revenue Of $4.85B- 5.05B, Vs $4.65B Consensus (Prior View: $4.5B- $4.7B)
Portfolio Pulse from Benzinga Newsdesk
Parsons Corporation (NYSE:PSN) has revised its FY23 revenue forecast to $4.85B-$5.05B, up from the previous estimate of $4.5B-$4.7B. This is also higher than the consensus estimate of $4.65B. The company also expects FY23 Cash Flow from Operating Activities to be between $280 million and $340 million, slightly higher than the previous forecast of $275 million-$335 million.
August 04, 2023 | 10:51 am
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Parsons Corporation has increased its FY23 revenue and cash flow forecasts. This could potentially lead to a positive market reaction, as the new estimates are higher than both the previous forecasts and the consensus estimate.
Parsons Corporation has revised its FY23 revenue and cash flow forecasts upwards. This indicates that the company expects to perform better than previously anticipated, which could lead to increased investor confidence and a potential rise in the stock price. The new estimates are also higher than the consensus estimate, which could further boost the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100