A Record Backlog and Rising Margins Haven't Stopped Parsons' Nearly 40% Slide
Key takeaways
- PSN NVDA INTC The stock market hates uncertainty, and Parsons Corp.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
- The stock has been hammered, trading down nearly 40% over the past six months, including a 21% single-day drop in December.
PSN NVDA INTC The stock market hates uncertainty, and Parsons Corp. (NYSE: PSN) is serving it up. The engineering and defense company lost a heavily promoted $12.5 billion Federal Aviation Administration (FAA) contract bid in December and faces top-line pressure from the wind-down of a large government contract.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
The stock has been hammered, trading down nearly 40% over the past six months, including a 21% single-day drop in December. Yet as revenue expectations decline, actual profitability is improving, with margins hitting a record high in the first quarter. In addition, its backlog reached a new high, driven by solid contract wins at the start of the year.