Parsons (PSN) Projected to Announce Earnings on Wednesday

Parsons (NYSE:PSN) is anticipated to release 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. Individuals are encouraged to explore the company’s upcoming Q3 2026 earnings summary 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) EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.82). The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Parsons had a net margin of 2.50% and a return on equity of 8.10%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. 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 Price Performance

Shares of PSN opened at $49.01 on Monday. The company has a 50 day moving average of $45.33 and a two-hundred day moving average of $50.66. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.54. Parsons has a twelve month low of $36.26 and a twelve month high of $88.00. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 4.13 and a beta of 0.72.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PSN. Robert W. Baird upgraded Parsons from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $57.00 in a report on Friday, August 21st. Stifel Nicolaus dropped their target price on Parsons from $79.00 to $66.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Jefferies Financial Group upgraded Parsons from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Sunday, August 2nd. Barclays reduced their target price on Parsons from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Zacks Research upgraded Parsons from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

Insider Activity

In other news, Director George Ball bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $47.97 per share, with a total value of $959,400.00. Following the transaction, the director directly owned 170,383 shares in the company, valued at approximately $8,173,272.51. The trade was a 13.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.31% of the stock is currently owned by insiders.

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.