Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this software and infrastructure services provider would post earnings of $0.62 per ...

FORM 10-Q | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------|-----------|-----------------------------------------------------| | Parsons Corporation (Exact Name of Registrant as | Specified | in its Charter) | | Delaware (State or other jurisdiction of incorporation or organization) | | 95-3232481 (I.R.S. Employer Identification No.) | | | | | | 14291 Park Meadow Drive, Suite 100 Chantilly, Virginia (Address of princi ...

Exhibit 99.1 Parsons Reports Record Results Since IPO for the Second Quarter of 2024 Q2 2024 Financial Highlights Chantilly, VA – July 31, 2024 Parsons Corporation (NYSE: PSN) today announced financial results for the second quarter ended June 30, 2024. CEO Commentary "We are very pleased with our second quarter results and what the entire Parsons' team continues to accomplish. Over the last three years, we have transformed the company into a high-value solutions provider that differentiates by leveraging s ...

Q2 2024 Financial Highlights CHANTILLY, Va., July 31, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the second quarter ended June 30, 2024. "We are very pleased with our second quarter results and what the entire Parsons' team continues to accomplish. Over the last three years, we have transformed the company into a high-value solutions provider that differentiates by leveraging software and cutting-edge technology," said Carey Smith, chair, president, and ch ...

Q2 2024 Financial Highlights "We achieved over 20% organic growth for the fifth consecutive quarter and double-digit growth across all business units and geographies. We also announced a strategic acquisition that expands our customer base and strengthens our offensive cyber operations and electronic warfare, while adding new capabilities in the counterspace radio frequency domain at a time when near peer adversaries are becoming increasingly aggressive. We are excited about our future as we are well-positi ...

BlackSignal is a next-generation digital signal processing, electronic warfare, and cybersecurity provider built to counter near-peer threats. This acquisition will expand Parsons' customer base across the Department of Defense and Intelligence Community and significantly strengthen Parsons' positioning with full-spectrum cyber and electronic warfare, while adding new capabilities in the counterspace radio frequency domain: markets anticipated to grow more than 10% annually with double digit margin expectat ...

"We're excited to work with the City of Inglewood to improve transit reliability, reduce carbon emissions, and relieve traffic congestion while providing efficient passenger transportation," said Mark Fialkowski, president, Infrastructure North America for Parsons. "The Inglewood Transit Connector will expand transit options not only for residents, but the many employees, visitors and fans from city venues, housing, and commercial centers." Parsons has decades of experience designing, delivering, and protec ...

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 ...