Parsons Surges to 474th in Trading Volume with $218 Million Day Despite Stock Decline

On April 30, 2025, Parsons (PSN) experienced a significant trading volume of $218 million, marking an 80.74% increase from the previous day. This surge placed Parsons at the 474th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Parsons declined by 2.62%.

Parsons reported quarterly earnings of $0.78 per share for the first quarter of 2025, surpassing the consensus estimate of $0.74 per share. This positive earnings report was driven by a 1% year-over-year increase in total revenue to $1.6 billion. Additionally, the company's adjusted EBITDA increased by 5% to $149 million, reflecting a strong financial performance.

Despite the positive earnings, Parsons missed Wall Street's revenue expectations for the first quarter of 2025. The company's revenue grew by only 1.2% year over year, falling short of the anticipated $1.61 billion. This shortfall in revenue growth contributed to the stock's decline, as investors may have been expecting stronger top-line performance.

Parsons Corporation reported a first-quarter profit of $66.2 million, or $0.60 per share. This represents a significant increase from the previous year's earnings of $39.75 million, or $0.37 per share. The company's earnings per share (EPS) of $0.60 surpassed the estimated $0.46, reflecting a 61% increase from the previous year. This strong earnings performance was driven by a record net income of $66 million and strong backlog growth.

Parsons Corporation reported a GAAP EPS of $0.60 for the first quarter of 2025, surprising the market with a notable performance. The company's strong financial results were driven by a record net income of $66 million and strong backlog growth. This positive performance reflects the company's ability to execute on its strategic initiatives and deliver strong financial results.