Bear Of The Day: Parsons (PSN)

Core Viewpoint - Parsons Corporation (PSN) is currently rated as a Zacks Rank 5 (Strong Sell) due to a recent earnings miss against the Zacks Consensus Estimate [1] Company Overview - Parsons Corporation provides technology-driven solutions focused on defense, intelligence, and critical infrastructure markets, offering services in cybersecurity, military training, and physical infrastructure [2] Earnings History - The company has beaten the Zacks Consensus Estimate in three of the last four quarters, but this alone does not justify a strong buy or sell rating [4] - The most recent earnings report showed an EPS of $0.75, missing the consensus estimate of $0.80, resulting in a 6.25% negative earnings surprise [5] Earnings Estimate Revisions - Recent revisions indicate a decline in annual earnings estimates, with the current fiscal year consensus dropping from $3.51 to $3.33 and the next fiscal year from $3.95 to $3.70 over the last 60 days [6] - The negative movement in earnings estimates is a significant factor contributing to the stock's Zacks Rank of 5 (Strong Sell) [6] Market Context - Many stocks within the Zacks universe are experiencing negative earnings estimate revisions, leading to a broader trend of stocks falling to a Zacks Rank 5 [7]