Parsons Posts 3Q EPS of 51 Cents
PSN sits 33% above its 52-week low of $36.26.
Summary
Parsons reported third-quarter EPS of 51 cents and adjusted EPS of 89 cents, on revenue of $1.65B. The beat-or-miss picture is not yet clear, as the headline carries no comparison to consensus and no update to guidance. Context matters here: the company cut 2026 revenue guidance to $6.2B-$6.5B on July 31 after a weak Q2 that included a $15 million net loss. Since then it has stacked up contract wins, including a $514 million missile-defense option, a $750 million SealingTech cyber agreement, and an $85 million Space Command award. Those awards support the top line but the margin and cash conversion detail in the full release will decide whether this EPS holds up.
At the time of this announcement, PSN was trading at $48.26 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $36.26 to $88.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.