Parsons (PSN) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Parsons is expected to report Q3 2026 results before the market opens on October 28, with analysts forecasting earnings of $0.784 per share and revenue of $1.62 billion.
• The company’s previous quarter fell well short of expectations, reporting a $0.06 per-share loss versus the $0.76 consensus estimate, while revenue declined 0.5% year over year to $1.59 billion.
• Analyst sentiment remains a Moderate Buy, with an average price target of $63, although several firms recently reduced their targets; Parsons shares recently traded near $44.67.

Parsons (NYSE:PSN - Get Free Report) is expected to announce its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.7840 per share and revenue of $1.62 billion for the quarter. Investors can check the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 8:00 AM ET.

Parsons (NYSE:PSN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.82). Parsons had a return on equity of 8.10% and a net margin of 2.50%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm earned $0.78 EPS. The business's revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts expect Parsons to post $2.06 EPS for the current fiscal year and $3.02 EPS for the next fiscal year.

Parsons Stock Performance

Shares of PSN opened at $44.67 on Wednesday. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 3.72 and a beta of 0.72. Parsons has a 12 month low of $36.26 and a 12 month high of $88.00. The firm has a fifty day simple moving average of $45.36 and a 200 day simple moving average of $50.85. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling at Parsons

In other news, Director George Ball bought 20,000 shares of the company's stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $47.97 per share, with a total value of $959,400.00. Following the acquisition, the director owned 170,383 shares in the company, valued at $8,173,272.51. This trade represents a 13.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PSN shares. The Goldman Sachs Group cut their price target on shares of Parsons from $69.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Robert W. Baird upgraded Parsons from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $48.00 to $57.00 in a report on Friday, August 21st. Stifel Nicolaus decreased their price objective on Parsons from $79.00 to $66.00 and set a "buy" rating for the company in a report on Thursday, July 30th. UBS Group lowered their target price on Parsons from $67.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Weiss Ratings downgraded Parsons from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, July 30th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $63.00.

Parsons Company Profile

Parsons Corporation NYSE: PSN is a technology-driven solutions provider serving government and commercial customers in the defense, intelligence, critical infrastructure and transportation markets. The company develops and integrates solutions for complex security, engineering and infrastructure challenges, combining software, systems engineering, cybersecurity, data analytics and program management capabilities.

Parsons operates through its Federal Solutions and Critical Infrastructure segments.

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