Parsons (PSN) Set to Release Q1 Earnings on April 29
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy PSN?
Source: seekingalpha
- Earnings Announcement Schedule: Parsons is set to announce its Q1 2023 earnings on April 29 before the market opens, with consensus EPS estimated at $0.68 and revenue expected to be $1.5 billion, reflecting a 3.2% year-over-year decline.
- Historical Performance Review: Over the past two years, Parsons has exceeded EPS estimates 75% of the time and revenue estimates 63% of the time, indicating a stable financial performance and market confidence.
- Expectation Adjustments: In the last three months, EPS estimates have seen no upward revisions and 9 downward adjustments, while revenue estimates experienced 1 upward revision and 8 downward adjustments, reflecting cautious market sentiment regarding the company's future performance.
- Industry Context Analysis: Parsons actively participated in the Barclays 43rd Annual Industrial Select Conference, showcasing its engagement in the industry, and despite economic uncertainties, it continues to seek growth opportunities.
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Analyst Views on PSN
Wall Street analysts forecast PSN stock price to rise
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 51.500
Low
70.00
Averages
84.00
High
107.00
Current: 51.500
Low
70.00
Averages
84.00
High
107.00
About PSN
Parsons Corporation is a disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Its Federal Solutions segment provides advanced technical solutions to the United States government. This segment provides advanced technologies, supporting national security missions in cyber operations, missile defense, and military facility modernization, logistics support, hazardous material remediation and engineering services. Its Critical Infrastructure segment offers integrated engineering and management services for complex physical and digital infrastructure around the globe. This segment is a technology innovator focused on next-generation digital systems and complex structures. It also develops advanced, warfighter-focused solutions for military and security applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Parsons (PSN) Set to Release Q1 Earnings on April 29
- Earnings Announcement Schedule: Parsons is set to announce its Q1 2023 earnings on April 29 before the market opens, with consensus EPS estimated at $0.68 and revenue expected to be $1.5 billion, reflecting a 3.2% year-over-year decline.
- Historical Performance Review: Over the past two years, Parsons has exceeded EPS estimates 75% of the time and revenue estimates 63% of the time, indicating a stable financial performance and market confidence.
- Expectation Adjustments: In the last three months, EPS estimates have seen no upward revisions and 9 downward adjustments, while revenue estimates experienced 1 upward revision and 8 downward adjustments, reflecting cautious market sentiment regarding the company's future performance.
- Industry Context Analysis: Parsons actively participated in the Barclays 43rd Annual Industrial Select Conference, showcasing its engagement in the industry, and despite economic uncertainties, it continues to seek growth opportunities.
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- Design and Implementation: Parsons Corporation serves as the lead designer on the SR 400 Peach Partners team, responsible for the project's design and delivery, aiming to alleviate traffic congestion by adding new dynamically priced express lanes, thereby improving reliability for commuters and freight.
- Future Transit Opportunities: This project not only addresses increasing congestion but also lays the groundwork for future multimodal improvements, including transit enhancements along the corridor, further supporting regional economic growth.
- Long-term Commitment: With decades of experience in Georgia's infrastructure programs, Parsons is dedicated to delivering innovative and resilient infrastructure solutions that meet the evolving needs of its clients, reflecting the company's ongoing commitment to modernizing transportation systems.
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- New Positions Established: During Q1 2026, the fund established new positions in Parsons, PAR Technology, Descartes Systems, Prosperity Bancshares, and the abrdn Physical Precious Metals Basket Shares ETF, indicating confidence in their future growth potential.
- Exit Strategy: In the same quarter, the fund exited positions in Stride, Corcept Therapeutics, Valaris, and others, demonstrating its agile investment strategy and responsiveness to market dynamics.
- Earnings Target Confirmation: Independent Bank targets a net interest margin of 3.90%-3.95% for Q4 2026 while reaffirming a 1.40% return on assets goal, reflecting confidence in its future financial performance.
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- Transaction Structure: The deal is structured in two stages, with 45% acquired at initial closing and an additional 6% contingent on the commencement of a qualifying pilot project in the defense or security sector, ensuring flexibility and risk management in the investment.
- Technology Integration: This acquisition will complement VisionWave's recent acquisition of the xClibre™ AI video intelligence assets, independently valued at approximately $60 million, which is expected to enhance the functionality of the Argus™ counter-UAS platform, improving detection-to-decision efficiency.
- Market Context: The counter-UAS market is rapidly evolving with increasing global procurement demands, and if VisionWave successfully implements its three-layer architecture, it will occupy a favorable position in the competitive defense market, addressing the need for multi-sensor integrated solutions.
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- Three-Layer Architecture Development: This investment will stack on top of VisionWave's previously completed acquisition of the xClibre™ AI video intelligence IP, valued at approximately $60 million, to create a heterogeneous three-layer sensing architecture that enhances the performance of counter-UAS systems.
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- Technological Innovation: The DRMS features out-of-the-box interoperability, allowing seamless integration with critical areas such as meter data management, customer care, billing, SCADA, and automated distribution management systems, thereby improving operational efficiency and flexibility in electricity management.
- Market Demand: As the rapid growth of artificial intelligence and data centers reshapes capacity planning for utility providers globally, Parsons' solutions are pivotal in helping cities develop more resilient energy systems to meet these evolving demands.
- Extensive Implementation: Parsons has implemented meter and operational management integration solutions with over 400 public power utilities across the United States, showcasing its extensive experience and technological capabilities in distributed energy resource management.
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Parsons (PSN) Set to Release Q1 Earnings on April 29
- Earnings Announcement Schedule: Parsons is set to announce its Q1 2023 earnings on April 29 before the market opens, with consensus EPS estimated at $0.68 and revenue expected to be $1.5 billion, reflecting a 3.2% year-over-year decline.
- Historical Performance Review: Over the past two years, Parsons has exceeded EPS estimates 75% of the time and revenue estimates 63% of the time, indicating a stable financial performance and market confidence.
- Expectation Adjustments: In the last three months, EPS estimates have seen no upward revisions and 9 downward adjustments, while revenue estimates experienced 1 upward revision and 8 downward adjustments, reflecting cautious market sentiment regarding the company's future performance.
- Industry Context Analysis: Parsons actively participated in the Barclays 43rd Annual Industrial Select Conference, showcasing its engagement in the industry, and despite economic uncertainties, it continues to seek growth opportunities.
See More
Georgia's SR 400 Express Lanes Project Breaks Ground
- Massive Project Scale: The SR 400 Express Lanes Project in Georgia is the largest transportation infrastructure initiative in the state's history, with an estimated budget of $4.6 billion, marking the largest public-private partnership project in the U.S., expected to significantly enhance regional mobility and economic development.
- Design and Implementation: Parsons Corporation serves as the lead designer on the SR 400 Peach Partners team, responsible for the project's design and delivery, aiming to alleviate traffic congestion by adding new dynamically priced express lanes, thereby improving reliability for commuters and freight.
- Future Transit Opportunities: This project not only addresses increasing congestion but also lays the groundwork for future multimodal improvements, including transit enhancements along the corridor, further supporting regional economic growth.
- Long-term Commitment: With decades of experience in Georgia's infrastructure programs, Parsons is dedicated to delivering innovative and resilient infrastructure solutions that meet the evolving needs of its clients, reflecting the company's ongoing commitment to modernizing transportation systems.
See More
ClearBridge Small-Cap Strategy Outperforms Benchmark in Q1 2026
- Strong Quarterly Performance: The ClearBridge Small-Cap Strategy outperformed its benchmark in Q1 2026, as the Russell 2000 Index only gained 0.9%, highlighting the fund's effective investment selection and management capabilities.
- New Positions Established: During Q1 2026, the fund established new positions in Parsons, PAR Technology, Descartes Systems, Prosperity Bancshares, and the abrdn Physical Precious Metals Basket Shares ETF, indicating confidence in their future growth potential.
- Exit Strategy: In the same quarter, the fund exited positions in Stride, Corcept Therapeutics, Valaris, and others, demonstrating its agile investment strategy and responsiveness to market dynamics.
- Earnings Target Confirmation: Independent Bank targets a net interest margin of 3.90%-3.95% for Q4 2026 while reaffirming a 1.40% return on assets goal, reflecting confidence in its future financial performance.
See More
VisionWave to Acquire 51% of Foresight for $17.5 Million
- Strategic Investment: VisionWave Holdings has signed a non-binding term sheet to acquire up to 51% of Foresight Autonomous Holdings for $17.5 million, aiming to integrate RF sensing, computer vision, and AI video analytics to build a three-layer counter-UAS architecture, enhancing its competitive position in the market.
- Transaction Structure: The deal is structured in two stages, with 45% acquired at initial closing and an additional 6% contingent on the commencement of a qualifying pilot project in the defense or security sector, ensuring flexibility and risk management in the investment.
- Technology Integration: This acquisition will complement VisionWave's recent acquisition of the xClibre™ AI video intelligence assets, independently valued at approximately $60 million, which is expected to enhance the functionality of the Argus™ counter-UAS platform, improving detection-to-decision efficiency.
- Market Context: The counter-UAS market is rapidly evolving with increasing global procurement demands, and if VisionWave successfully implements its three-layer architecture, it will occupy a favorable position in the competitive defense market, addressing the need for multi-sensor integrated solutions.
See More
VisionWave Signs Term Sheet to Acquire 51% of Foresight Autonomous Holdings
- Strategic Investment Agreement: VisionWave Holdings has signed a non-binding term sheet to acquire up to 51% of Foresight Autonomous Holdings for $17.5 million in VisionWave equity, aiming to integrate Foresight's stereo vision and thermal imaging technology to enhance its existing RF sensing core.
- Three-Layer Architecture Development: This investment will stack on top of VisionWave's previously completed acquisition of the xClibre™ AI video intelligence IP, valued at approximately $60 million, to create a heterogeneous three-layer sensing architecture that enhances the performance of counter-UAS systems.
- Accelerating Market Demand: The counter-UAS market is rapidly evolving, with competitors like L3Harris and Elbit Systems ramping up production and securing contracts, indicating a rising demand for multi-sensor integrated solutions, aligning perfectly with VisionWave's strategic positioning.
- Future Milestones: VisionWave plans to complete the proof of concept for xClibre in H2 2026, subsequently driving the commercialization of the Argus™ counter-UAS platform, which, if successful, will significantly enhance the company's competitiveness in the defense market.
See More
Parsons Corporation Secures LADWP Contract for Demand Response Technology
- Contract Award: Parsons Corporation has been selected by the Los Angeles Department of Water & Power to provide a Demand Response Management System (DRMS), which is expected to enhance demand response capacity by over fourfold, significantly bolstering grid sustainability and reliability as LADWP aims for 100% clean electricity by 2035.
- Technological Innovation: The DRMS features out-of-the-box interoperability, allowing seamless integration with critical areas such as meter data management, customer care, billing, SCADA, and automated distribution management systems, thereby improving operational efficiency and flexibility in electricity management.
- Market Demand: As the rapid growth of artificial intelligence and data centers reshapes capacity planning for utility providers globally, Parsons' solutions are pivotal in helping cities develop more resilient energy systems to meet these evolving demands.
- Extensive Implementation: Parsons has implemented meter and operational management integration solutions with over 400 public power utilities across the United States, showcasing its extensive experience and technological capabilities in distributed energy resource management.
See More
