CHANTILLY, Va., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded two contracts worth $25 million to perform design engineering for a Middle East transportation customer. With the same customer, Parsons has won more than $90 million in contract awards over the last 9 months. Under these contracts, Parsons will lead the design engineering and construction supervision of transportation infrastructure enhancements. The scope includes the developm ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks G ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Parsons (PSN) - Parsons currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [3][4]. - The stock has shown significant price performance, with a 3.74% increase over the past week, compared to a 0.45% increase in the Zacks Technology Services industry [6]. - Over the last month, PSN's shares have increased by 12.98%, while the industry has only seen a 0.1% increase [6]. - In the longer term, PSN shares have increased by 32.86% over the past quarter and 93.63% over the past year, significantly outperforming the S&P 500's gains of 3.97% and 34.89%, respectively [7]. Trading Volume - PSN's average 20-day trading volume is 1,255,436 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - Recent earnings estimate revisions for PSN have been positive, with two estimates moving higher for the full year, raising the consensus estimate from $3.13 to $3.20 over the past 60 days [10]. - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [10].

CHANTILLY, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), a leading national security solutions company in the space domain, is proud to announce the successful delivery of Phase 1.0, the initial capabilities release for the National Oceanic and Atmospheric Administration's (NOAA) Office of Space Commerce's (OSC) Traffic Coordination System for Space (TraCSS) program. Parsons is the system integration and cloud management services lead for TraCSS, a modern, cloud-based IT system th ...

Core Viewpoint - Parsons Corporation is set to release its third quarter 2024 financial results on October 30, 2024, before market opening, followed by a conference call to discuss earnings and strategic initiatives [1]. Group 1: Financial Results Announcement - The third quarter 2024 financial results will be released before the markets open on October 30, 2024 [1]. - A conference call is scheduled for 8:00 a.m. Eastern Time on the same day to discuss the earnings results [1]. Group 2: Investor Relations - Access to the live conference call can be obtained through the Investor Relations section of the company's website [3]. - A replay of the conference call will be available on the company's website approximately two hours after the call and will continue for one year [3]. Group 3: Company Overview - Parsons Corporation is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in various sectors including cyber and intelligence, space and missile defense, and critical infrastructure protection [4].

Core Insights - Parsons Corporation has been awarded a $68.5 million contract by the U.S. Army Corps of Engineers (USACE) for the design-bid-build delivery of new housing units in the Kwajalein Atoll, marking a significant expansion of its work in this region [1][3] - The company has also been selected for the USACE Honolulu District's PreQualified Source Listing, allowing it to receive future large task orders valued at $50 million or more [2] - Since 2019, Parsons has secured over $400 million in contracts related to the Indo-Pacific Command (INDOPACOM), showcasing its expertise in program and construction management, engineering, and complex infrastructure [3] Contract Details - The new contract spans three years and is focused on delivering army housing units on-island, representing the second such contract awarded to Parsons within a year [3] - In October 2023, Parsons was awarded a $44 million contract for similar housing units, indicating a growing demand for its services in military infrastructure [3] Strategic Positioning - Parsons is recognized as a trusted partner to the USACE, contributing to infrastructure projects that support U.S. Indo-Pacific Command initiatives [3] - The company emphasizes its capability to navigate the logistical challenges of the Kwajalein Atoll, which is characterized by a highly corrosive and humid environment [3]

Core Insights - Parsons Corporation has been selected as the lead engineer for the State Route 400 Express Lanes Major Mobility Investment Program Project in Georgia, in partnership with GDOT and SRTA [1][3] - The project, valued at $4.6 billion, will add express lanes over a 16-mile stretch of SR 400, enhancing traffic flow and reducing congestion [2] Project Details - The project will implement electronic tolled express lanes with a 50-year concession period, advanced traffic management systems, and a digital twin asset management system [2] - It is projected that the corridor will see an increase of 144,000 residents and 114,000 jobs by 2050, indicating significant growth in the area [2] - The project will also incorporate Cellular Vehicle-to-Everything technologies for Connected and Automated Vehicle management [2] Additional Investments - A $100 million state bond investment will support major components of MARTA's Bus Rapid Transit line, which will utilize the new express lanes [3] Company Expertise - Parsons has extensive experience in infrastructure projects, having worked on over 10,000 miles of roadways and 4,500 bridges, focusing on improving safety and travel efficiency while reducing emissions [4]

AI themed stocks boost equities NEW YORK, Aug. 26, 2024 /PRNewswire/ -- Zephyr, a subsidiary of Informa plc (LSE: INF), and a recognized leader in asset and wealth management software has released its highly anticipated PSN Top Guns List for Q2 2024. The list is an important reference for plan sponsors, advisors, family offices and asset managers showcasing the best performing separate accounts, managed accounts and managed ETF strategies each quarter. "The PSN SMA database remains a central resource for pl ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which look ...

Parsons Corporation (PSN) has been selected as the lead designer for the Honolulu Authority for Rapid Transportation's City Center Guideway and Stations Project. Parsons, who acts as a subcontractor to Tutor Perini Corporation (TPC) in the project, leads the industry in rail and vehicle design with an innovative approach. The company's commitment to excellence ensures the delivery of advanced solutions that meet the evolving needs of customers. The $1.66 billion project is scheduled to be finished by 2030 a ...