Parsons Corp (PSN) Earnings: Q4 Revenue Falls Short, EPS Surpasses Expectations

Parsons Corp on Smartkarma

Analysts on Smartkarma are closely watching Parsons Corp, with coverage from Baptista Research shedding light on the company’s recent successes. In their report titled “Parsons Corporation: Will The Acquisition of BCC Engineering Help Strengthen Its Infrastructure Footprint? – Major Drivers,” Baptista Research highlighted Parsons’ impressive performance in the third quarter of 2024. With revenues reaching $1.8 billion and a 28% year-over-year increase, driven by strong organic growth and strategic acquisitions, particularly in the Federal Solutions segment, where revenues soared by 42% due to expanded contracts in cyber and intelligence markets.

In another report, “Parsons Corporation: Initiation Of Coverage – A Tale Of Strategic Acquisitions & Portfolio Optimization! – Major Drivers,” Baptista Research commended Parsons Corporation for their robust performance in the second quarter of 2024. The report emphasized the successful integration of advanced technologies like artificial intelligence and cloud computing, leading to record revenue, adjusted EBITDA, and strong operating cash flow. These results underscore Parsons’ prowess as a high-value solutions provider with a strategic focus on innovation and execution capabilities.

A look at Parsons Corp Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Parsons Corp has a promising long-term outlook based on the Smartkarma Smart Scores. With a strong Growth score of 4, the company is positioned to expand and improve over time. This indicates that Parsons is likely to see substantial growth in the future, supported by its focus on technology-driven solutions in various markets.

While the Dividend and Momentum scores are relatively lower, Parsons Corp still maintains a solid overall outlook, as reflected in its Value and Resilience scores. With a Value score of 3 and a Resilience score of 3, the company shows stability and a reasonable valuation in the market. Therefore, investors may find Parsons Corp to be a reliable long-term investment option with considerable growth potential.

### Parsons Corporation provides technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The company also specializes in cybersecurity, military training, connected communities, physical infrastructure, and mobility solutions. Parsons serves clients worldwide. ###

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