Parsons (PSN) Projected to Announce Earnings on Wednesday

Parsons (NYSE:PSN) is expected to be posting its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect Parsons to announce earnings of $0.74 per share and revenue of $1.6071 billion for the quarter. Individuals may review the information on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, July 29, 2026 at 8:00 AM ET.

Parsons (NYSE:PSN) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.70 by $0.09. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Parsons had a net margin of 3.62% and a return on equity of 11.52%. Parsons’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. On average, analysts expect Parsons to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Parsons Trading Up 0.2%

Shares of PSN stock opened at $58.82 on Monday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.55. Parsons has a fifty-two week low of $46.88 and a fifty-two week high of $89.50. The firm’s 50 day moving average price is $55.30 and its two-hundred day moving average price is $58.65. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.85 and a beta of 0.66.

Insider Transactions at Parsons

In other news, CEO Carey A. Smith purchased 12,500 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $49.97 per share, with a total value of $624,625.00. Following the acquisition, the chief executive officer owned 575,376 shares in the company, valued at approximately $28,751,538.72. This trade represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Keith Holdsworth purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $51.27 per share, for a total transaction of $512,700.00. Following the purchase, the director directly owned 39,918 shares in the company, valued at $2,046,595.86. This trade represents a 33.42% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 32,500 shares of company stock valued at $1,637,325. Corporate insiders own 1.31% of the company’s stock.

Hedge Funds Weigh In On Parsons

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSN. Sivia Capital Partners LLC acquired a new position in shares of Parsons in the second quarter worth about $228,000. VARCOV Co. purchased a new position in Parsons in the fourth quarter valued at about $246,000. Federation des caisses Desjardins du Quebec grew its stake in Parsons by 18.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,701 shares of the company’s stock valued at $229,000 after purchasing an additional 565 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in Parsons during the 3rd quarter valued at approximately $217,000. Finally, Cresset Asset Management LLC purchased a new stake in Parsons during the 3rd quarter worth approximately $211,000. 98.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PSN has been the topic of a number of research reports. Robert W. Baird reissued a “neutral” rating and issued a $60.00 target price on shares of Parsons in a research note on Monday, April 13th. Barclays decreased their price target on shares of Parsons from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Citigroup increased their price target on Parsons from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Jefferies Financial Group reissued a “hold” rating on shares of Parsons in a research report on Wednesday, July 8th. Finally, BNP Paribas Exane set a $65.00 price objective on Parsons and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.82.

Parsons Company Profile

Parsons Corporation (NYSE: PSN) is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.

Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.