Parsons Corporation (PSN) will report its second-quarter 2024 results on Jul 31, 2024, before the bell. The company has an impressive earnings surprise history. Earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, with an earnings surprise of 16.5%, on average. Expectations This Time Around The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $1.53 billion, indicating 12.8% year-over-year growth. We expect continued ramp-up on recent contract awa ...

CHANTILLY, Va., July 26, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company, in a joint venture with Vanir, was selected by the Sacramento County Department of Airports to provide construction management and inspection (CMI) services in support of the Sacramento International Airport (SMF) SMForward Program. The $30 million, five-year contract engages Parsons/Vanir's joint venture (PVJV) in SMF's $1.3 billion airport improvement program, which includes terminal gate exp ...

"Parsons is honored to partner with Vanir and the Sacramento County Department of Airports on this exciting and transformative program," said Mark Fialkowski, president of Infrastructure North America for Parsons. "We bring decades of experience in aviation engineering, program management, and consulting services, as well as innovative solutions that enhance safety, efficiency, and sustainability. We look forward to working with our team and the airport stakeholders to deliver SMForward and create a world-c ...

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Parsons (PSN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question. Parsons is one of 315 individual stocks in the Business Services secto ...

Parsons is a global leader in critical infrastructure excellence, with a portfolio that includes more than 10,000 miles of road and highway projects around the world. Parsons delivers complex interchanges, tolling and integrated corridor management through both traditional and integrated delivery methods. Media Contact: Bernadette Miller +1 980.253.9781 Bernadette.Miller@parsons.com CHANTILLY, Va., July 25, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selecte ...

CHANTILLY, Va., July 24, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), a leader in infrastructure, defense, security, transportation, and engineering is proud to announce its readiness to meet the growing demand for infrastructure deployment for global events. With a rich decades-long history of delivering complex global solutions for critical events, Parsons is uniquely positioned to provide the necessary expertise, innovative solutions, and integrated security solutions for the successful execu ...

Parsons and Veralto are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. Investors should feel comfortable knowing that PSN likely has seen a stronger improvement to its earnings outlook than VLTO has recently. But this is only part of the picture for value investors. PSN currently has a forward P/E ratio of 26.88, while VLTO has a forward P/E of 28.80. We also note that PSN has a PEG ratio of 2.08. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also c ...

This software and infrastructure services provider has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 11.21%. For Parsons, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. ...

Media Investor Relations Bernadette Miller Dave Spille Parsons Corporation Parsons Corporation +1 980.253.9781 +1 703.775.6191 Bernadette.Miller@parsons.com Dave.Spille@Parsons.com Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and ...

Media Investor Relations Bernadette Miller Dave Spille Parsons Corporation Parsons Corporation +1 980.253.9781 +1 703.775.6191 Bernadette.Miller@parsons.com Dave.Spille@Parsons.com Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's we ...