Parsons Corp Q1 2024 Adj EPS $0.70 Beats $0.62 Estimate, Sales $1.535B Beat $1.377B Estimate
Portfolio Pulse from Benzinga Newsdesk
Parsons Corp (NYSE:PSN) reported Q1 2024 adjusted EPS of $0.70, surpassing the $0.62 estimate, and sales of $1.535B, exceeding the $1.377B estimate. This represents a significant increase in earnings and sales compared to the same period last year.
May 01, 2024 | 10:35 am
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Parsons Corp reported a strong Q1 2024 with earnings and sales significantly above estimates and showing substantial growth from the previous year.
The substantial beat on both earnings per share and sales estimates, coupled with the significant year-over-year growth, 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 PSN's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100