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Parsons (PSN)
NYSE:PSN
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.91Last Year’s EPS
0.69Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 13, 2019
|% Change Since: -9.33%
|Next Earnings Date:Jun 18, 2019
Earnings Call Sentiment|Positive
The earnings call highlighted Parsons' strong financial performance, record-breaking revenue, and successful strategic acquisitions. Despite some challenges with margins in the Critical Infrastructure segment and potential recompete risks in Federal Solutions, the overall outlook remains positive with increased guidance and strong growth prospects.Company Guidance
During the third quarter 2024 earnings call, Parsons Corporation provided updated guidance metrics reflecting strong performance and strategic acquisitions. The company increased its full-year revenue guidance to a range of $6.6 billion to $6.8 billion, representing 23% growth at the midpoint with 22% organic growth. Adjusted EBITDA guidance was raised to $590 million to $620 million, indicating a 30% increase at the midpoint, with margins expected to improve by 10 basis points to 9.0%. Additionally, operating cash flow guidance was increased to $425 million to $465 million, projecting free cash flow conversion at approximately 100% of adjusted net income. Parsons highlighted double-digit growth in both its Federal Solutions and Critical Infrastructure segments, with significant contract wins and strategic investments supporting their optimistic outlook for continued growth and margin expansion.Record-Breaking Revenue and Growth
Parsons reported record Q3 results for total revenue, organic revenue growth, net income, adjusted EBITDA, operating cash flow, and contract awards. Revenue reached $1.8 billion for the first time in company history with a 26% organic growth rate.
Strong Performance in Federal Solutions
Federal Solutions segment revenue increased by 42% year-over-year, driven by 39% organic growth and contributions from acquisitions. Adjusted EBITDA in this segment increased by 84%, with a margin improvement of 260 basis points.
Critical Infrastructure Achievements
The Critical Infrastructure segment achieved a book-to-bill ratio of 1.0 or greater for 16 consecutive quarters. Notable projects include the Georgia State Route 400 Express Lanes and the Honolulu Authority for Rapid Transportation.
Successful Acquisitions
Parsons closed the acquisition of BlackSignal Technologies, expanding their digital signal processing and cybersecurity capabilities. They also agreed to acquire BCC Engineering, enhancing their position in the Southeastern US transportation market.
Increased Guidance
Parsons raised their full-year guidance for revenue, adjusted EBITDA, and cash flow, reflecting strong Q3 performance and strategic acquisitions.
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PSN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PSN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $105.03 | $110.00 | +4.73% |
| Jul 31, 2024 | $77.18 | $91.37 | +18.39% |
| May 01, 2024 | $78.51 | $77.63 | -1.12% |
| Feb 14, 2024 | $67.45 | $72.41 | +7.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Parsons (PSN) report earnings?
Parsons (PSN) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Parsons (PSN) earnings time?
Parsons (PSN) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PSN EPS forecast?
PSN EPS forecast for the fiscal quarter 2024 (Q4) is 0.91.
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