Get a deeper insight into the potential performance of Parsons (PSN) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
As you've heard by now, the PlayStation Network is down, or mostly down, and has been for close to 24 hours at this point. Reports at Down Detector peaked Friday evening around 6pm ET, but users continue to log outages Saturday and Sony's PlayStation Status website still shows red across all services.
Parsons Corporation has shown strong financial performance, with stock price and EBITDA growing at ~42% and 35% CAGR respectively, over the last 3 years. The company has consistently beaten analyst expectations, which should continue in the near future, given the strong business momentum. PSN has a robust $8.8 billion order backlog and a $13 billion booking pipeline, supporting near-term growth and potential and low leverage to do any inorganic expansion.
Given the recent rise in PSN shares, we analyze its current position to determine whether you should buy, hold or sell it.
Carey Smith, Parsons CEO, joins 'Closing Bell Overtime' to talk the upcoming Trump administration, mystery drone sightings, infrastructure growth opportunities and more.
Investors interested in Technology Services stocks are likely familiar with Parsons (PSN) and Climb Global Solutions (CLMB). But which of these two stocks presents investors with the better value opportunity right now?
Parsons (PSN) could produce exceptional returns because of its solid growth attributes.
Investors interested in stocks from the Technology Services sector have probably already heard of Parsons (PSN) and Ibotta (IBTA). But which of these two stocks offers value investors a better bang for their buck right now?
Parsons (PSN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Parsons (PSN) possesses solid growth attributes, which could help it handily outperform the market.
Investors interested in stocks from the Technology Services sector have probably already heard of Parsons (PSN) and AppLovin (APP). But which of these two stocks is more attractive to value investors?
Parsons Corporation's share price surged 78% in the past year, yet it still has room for growth with a one-year price target of $132.62. Analysts expect double-digit earnings growth through 2026, driven by profitable growth, management expertise, and rising free cash flow. Despite competitive pressures, Parsons shows strong Q3 results with record net income, adjusted EBITDA, and cash flow, supporting its growth stock status.