Parsons Corp Q4 Adj EPS $0.69 Beats $0.63 Estimate, Sales $1.49B Beat $1.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Parsons Corp (NYSE:PSN) reported Q4 adjusted EPS of $0.69, surpassing the $0.63 estimate, and sales of $1.49B, exceeding the $1.32B estimate. This represents a 35.29% increase in earnings and a 35.47% increase in sales from the same period last year.
February 14, 2024 | 11:31 am
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Parsons Corp reported a strong Q4 with earnings and sales surpassing estimates, indicating robust growth.
The significant beat on both earnings per share and sales estimates, coupled with the substantial year-over-year growth in these metrics, suggests a strong operational performance and positive outlook for Parsons Corp. This is likely to instill investor confidence and could lead to a short-term uptick in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100