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Parsons Corporation: Why I Am Maintaining My Buy Rating (NYSE:PSN)
Seeking Alpha· 2025-10-30 19:27
Group 1 - Robert F. Abbott has been managing family investments since 1995 and incorporated options trading in 2010, focusing on covered calls and collars with long stocks [1] - Abbott is a freelance writer with a project aimed at providing information for new and intermediate-level mutual fund investors [1] - He holds a Bachelor of Arts and a Master of Business Administration (MBA) degree [1]
Parsons Corporation: Why I Am Maintaining My Buy Rating
Seeking Alpha· 2025-10-30 19:27
Core Insights - Robert F. Abbott has been managing family investments since 1995 and incorporated options trading in 2010, focusing on covered calls and collars with long stocks [1] Group 1 - Robert F. Abbott is a freelance writer and operates a website aimed at providing information for new and intermediate-level mutual fund investors [1] - Abbott holds a Bachelor of Arts and a Master of Business Administration (MBA) degree [1] - He resides in Airdrie, Alberta, Canada [1]
Parsons Awarded Two Defense and Security Contracts for Middle East Clients
Globenewswire· 2025-10-30 10:30
Core Insights - Parsons Corporation has been awarded two contracts exceeding $100 million for program management and design engineering for Middle East government customers, highlighting its capabilities in national security and critical infrastructure [1][2] - The company aims to leverage its strong regional presence in transportation and urban development to expand into adjacent markets related to defense, security, tourism, and entertainment [1][3] Company Capabilities - Parsons is recognized as the top firm in program management and ranks among the top 40 defense companies globally, with a diverse customer base in cyber, transportation, urban development, and critical infrastructure protection [3] - The company has extensive experience in the Middle East, having operated in the region since the 1950s, and has completed thousands of projects, including significant infrastructure developments [4] Strategic Focus - The contracts will involve leading the design review and project management of national security infrastructure programs, including border security facilities [2][3] - Parsons emphasizes its commitment to enhancing regional and global security through its industry-leading capabilities and local expertise [2][4]
Parsons awarded $56m contract for Diriyah Phase 2 public realm development
Gulf Business· 2025-10-30 08:16
Core Insights - Parsons Corporation has been awarded a SAR210 million ($56 million) contract for Phase 2 of the Diriyah project by Diriyah Company, a subsidiary of Saudi Arabia's Public Investment Fund (PIF) [2][5] - The contract involves the design and delivery of parks, open spaces, and over 55 kilometers of streetscape, aiming to enhance livability and community well-being [3][4] - The Diriyah project is a significant mixed-use urban development that combines traditional Najdi architecture with modern urban design, targeting a walkable environment for approximately 100,000 residents and 50 million annual visitors [4][5] Company Overview - Parsons has over 65 years of experience in Saudi Arabia and is involved in more than 50 active projects, reinforcing its role in shaping the Kingdom's future cities [6] - The company has been a key partner in advancing Saudi Arabia's giga-project ecosystem since 2017, contributing to major developments aligned with Saudi Vision 2030 [5][6] - Parsons' expertise includes urban development, transport infrastructure, smart mobility, and sustainability, positioning it as a crucial enabler of the Kingdom's transformation journey [6]
PIF-Backed Diriyah Company Awards Parsons $56 million (SAR 210 million) Contract for Design and Construction Supervision in Saudi Arabia
Globenewswire· 2025-10-29 10:30
Core Insights - Parsons Corporation has been awarded a $56 million contract for Phase 2 of the Diriyah project, which is a 5-year engagement aimed at enhancing urban development in Saudi Arabia [1][4] - The Diriyah project is part of Saudi Arabia's Vision 2030, focusing on creating a mixed-use urban destination that integrates traditional Najdi architecture with modern urban planning [3][10] Group 1: Contract Details - The contract involves the design and delivery of parks, open spaces, and over 55 kilometers of streetscape, including streets, footpaths, and civic buildings [2] - This contract represents new work for Parsons Corporation, which has been a partner in various urban development projects in Saudi Arabia since 2017 [4][5] Group 2: Project Significance - Diriyah is historically significant as the birthplace of Saudi Arabia and is home to the UNESCO World Heritage Site, At-Turaif [3][8] - The development aims to create a walkable city for approximately 100,000 residents and accommodate nearly 50 million visits annually [4][9] Group 3: Company Background - Parsons Corporation has over 65 years of experience in Saudi Arabia and currently manages more than 50 active projects, including mega and giga projects [5] - The company specializes in urban development, transport infrastructure, and sustainability, contributing to the Kingdom's economic diversification efforts [6][11]
Parsons Awarded Seat On $10 Billion Ceiling Value U.S. Navy Integration and Logistics Support Contract
Globenewswire· 2025-10-24 10:30
Core Insights - Parsons Corporation has been awarded a $10 billion ceiling value contract under the Worldwide Expeditionary Multiple Award Contract (WEXMAC) by the U.S. Naval Supply Systems Command, aimed at providing critical supplies and services for military operations, humanitarian assistance, and disaster relief over a five-year base period with an option for an additional five years [1][2]. Group 1: Contract Details - The contract allows Parsons to compete for task orders that support key U.S. Navy operational requirements, including theater opening, sustainment, distribution, stability operations, and civil support [2]. - The contract is classified as an Indefinite Delivery Indefinite Quantity (IDIQ) contract, which provides flexibility in the delivery of services and supplies as needed [1]. Group 2: Company Commitment and Expertise - Parsons emphasizes its dedication to supporting the U.S. military and coalition partners, highlighting its expertise in logistics and operational support to enhance mission success in various environments [3]. - The company aims to deliver comprehensive logistics solutions that maximize readiness while minimizing costs throughout the lifecycle of a program, utilizing proven methodologies and processes [3]. Group 3: Company Overview - Parsons is recognized as a leading disruptive technology provider in national security and global infrastructure markets, with capabilities spanning cyber and electronic warfare, space and missile defense, and critical infrastructure protection [5].
Why Parsons (PSN) is Poised to Beat Earnings Estimates Again
ZACKS· 2025-10-23 17:10
Core Viewpoint - Parsons (PSN) has consistently beaten earnings estimates and is well-positioned for future earnings surprises, particularly with an upcoming report expected on November 5, 2025 [1][7]. Earnings Performance - For the most recent quarter, Parsons reported earnings of $0.78 per share, exceeding the expected $0.74 per share, resulting in a surprise of 5.41% [2]. - The average surprise for the last two quarters was also 5.41%, indicating a strong performance trend [1][2]. Earnings Estimates and Predictions - Estimates for Parsons have been trending higher, supported by its history of earnings surprises [4]. - The company currently has an Earnings ESP of +2.49%, suggesting analysts are optimistic about its earnings prospects [7]. - A positive Earnings ESP combined with a Zacks Rank of 3 (Hold) indicates a potential for another earnings beat [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6].
Parsons Acquires Applied Sciences to Bolster Water Infrastructure Capabilities
Yahoo Finance· 2025-10-12 18:14
Core Insights - Parsons Corporation has acquired Applied Sciences Consulting, Inc., enhancing its capabilities in water infrastructure and stormwater management solutions [1][2] - The acquisition aligns with Parsons' strategy to focus on accretive transactions that meet specific revenue growth and adjusted EBITDA margin thresholds [2][3] - The deal is expected to strengthen Parsons' position in the southeastern U.S., a region poised for significant investment in climate-resilient projects [2] Company Overview - Parsons Corporation is based in Chantilly, Virginia, providing engineering, cyber, defense, and critical-infrastructure modernization services globally [3] - The acquisition of Applied Sciences highlights Parsons' commitment to integrating traditional engineering with advanced modeling and data-driven infrastructure solutions [3]
Parsons Honored as One of Glassdoor’s Best-Led Companies
Globenewswire· 2025-10-03 13:30
Core Insights - Parsons Corporation has been recognized by Glassdoor as one of the Best-Led Companies, highlighting its commitment to a people-first culture [1][3] - The company ranked 27 among 50 honorees across various industries, being the top-ranked company in the national security and critical infrastructure sector [2] Company Culture and Leadership - The recognition reflects the leadership style of President and CEO Carey Smith, emphasizing a culture that is inviting, learning-led, and balanced [3] - The executive team has invested in employee development through initiatives like LinkedIn Learning licenses, live professional development courses, and leadership development programs [3] - A strong feedback culture is in place, with annual employee surveys leading to improvements in work options, leave time, and benefits [3] Industry Position - Parsons is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in various sectors including cyber warfare, space defense, and critical infrastructure protection [5]
Parsons to Announce Third Quarter 2025 Financial Results on November 5, 2025
Globenewswire· 2025-10-02 18:00
Core Viewpoint - Parsons Corporation is set to release its third quarter 2025 financial results on November 5, 2025, before market opening, followed by a conference call to discuss earnings and strategic initiatives [1]. Group 1: Financial Results Announcement - The company will announce its third quarter 2025 financial results before the markets open on November 5, 2025 [1]. - A conference call is scheduled for 8:00 a.m. Eastern Time on the same day to discuss the earnings results and corporate strategies [1]. Group 2: Access to Conference Call - Access to the live conference call will be available through the Investor Relations section of the company's website [2]. - Participants can register for telephone access via the Investor Relations website [2]. - A replay of the conference call will be available approximately two hours after the event and will remain accessible for one year [2]. Group 3: Company Overview - Parsons Corporation is recognized as a leading disruptive technology provider in national security and global infrastructure markets [3]. - The company has capabilities in various sectors including cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection [3].