Parsons (PSN) to Report Q2 Earnings: What's in the Offing?

Core Viewpoint - Parsons Corporation (PSN) is expected to report strong second-quarter 2024 results, with positive growth in both revenue and earnings, despite a negative Earnings ESP indicating uncertainty about an earnings beat [1][4]. Revenue Expectations - The Zacks Consensus Estimate for PSN's revenues in the upcoming quarter is $1.53 billion, reflecting a year-over-year growth of 12.8% [2]. - The anticipated growth is attributed to recent contract awards and effective execution on backlog programs across all business units and major geographies [2]. Earnings Expectations - The consensus estimate for earnings in the upcoming quarter is 66 cents per share, indicating a year-over-year growth of 4.8% [3]. - Strong operating performance is expected to contribute positively to the bottom line for PSN [3]. Earnings Prediction Model - The current model does not predict a definitive earnings beat for PSN, as it has an Earnings ESP of -6.26% and a Zacks Rank of 2 (Buy) [4].