Parsons Raises Its 2024 Guidance, Now Expects Revenue Of $ 6.1B- $6.4B (Prior $5.8B-$6.0B) Vs. Consensus Of $5.962B; Sees Adjusted EBITDA Of $535M-$575M (Prior $505M-$545M)
Portfolio Pulse from Benzinga Newsdesk
Parsons has updated its fiscal year 2024 guidance, raising revenue expectations to $6.1B-$6.4B from the previous $5.8B-$6.0B, and adjusted EBITDA to $535M-$575M from $505M-$545M. This adjustment reflects strong Q1 performance and a positive outlook for the year.
May 01, 2024 | 10:41 am
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Parsons raises its FY2024 revenue to $6.1B-$6.4B and adjusted EBITDA to $535M-$575M, reflecting strong Q1 performance and positive future outlook.
The upward revision in Parsons' fiscal year 2024 guidance indicates a strong operational performance and a positive outlook, which is likely to instill investor confidence and potentially drive the stock price up in the short term.
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