• Parsons Corp PSN.N reported quarterly adjusted earnings of 78 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of ten analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 66 cents to 86 cents per share.

• Revenue rose 1.2% to $1.55 billion from a year ago; analysts expected $1.63 billion.

• Parsons Corp's reported EPS for the quarter was 60 cents​.

• The company reported quarterly net income of $66.2 million.

• Parsons Corp shares had risen by 16.0% this quarter and lost 25.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.2% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Parsons Corp is $75.00

This summary was machine generated from LSEG data April 30 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)