Parsons (PSN) Projected to Post Quarterly Earnings on Wednesday

Parsons (NYSE:PSN) is anticipated to release its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect Parsons to post earnings of $0.7840 per share and revenue of $1.62 billion for the quarter. Individuals can find conference call details on 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) last posted its earnings results on Wednesday, July 29th. The company reported ($0.06) earnings per share 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 for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The firm’s revenue 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 Up 1.1%

PSN opened at $44.67 on Wednesday. The stock’s fifty day simple moving average is $45.36 and its 200 day simple moving average is $50.85. Parsons has a 1-year low of $36.26 and a 1-year high of $88.00. The stock has a market cap of $4.77 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 3.72 and a beta of 0.72. 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 stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $47.97 per share, for a total transaction of $959,400.00. Following the completion of the purchase, the director owned 170,383 shares in the company, valued at approximately $8,173,272.51. This trade represents a 13.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PSN. Citigroup decreased their price objective on shares of Parsons from $66.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. William Blair reissued an “outperform” rating on shares of Parsons in a research report on Wednesday, July 29th. The Goldman Sachs Group cut their target price on shares of Parsons from $69.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Truist Financial restated a “buy” rating and set a $60.00 target price (down from $75.00) on shares of Parsons in a research note on Thursday, July 30th. Finally, Barclays reduced their target price on shares of Parsons from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.00.

About Parsons

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.