Parsons: Share Price Sluggish, Although Earnings Grow Briskly

  • Parsons has maintained strong net income and earnings growth, with a $9B+ backlog and successful acquisitions, despite sagging share prices over the past 6 months. Critical Infrastructure is driving growth, offsetting Federal Solutions weakness, and the company is executing well on both organic and acquired growth strategies. Shares are fairly valued after a 31% drop, but I expect a 9% price increase over the next year, rating Parsons a Buy.