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Parsons Corp

Parsons Corp

PSN
$56.05USD↓-3.16%-1.83 today

MARKET CAP

6.0B

P/E (TTM)

17.6x

FWD P/E

15.7x

DAY RANGE

$56 – $58

52W RANGE

$47
$90

AI Summary

Stalk
Buy NowMedium

PSN is in Stage 2 Advancing (Corrective Reset), showing a clear Higher Highs & Higher Lows sequence. Rising 9/21 EMAs and price holding above the 50 SMA confirm medium-term bullish bias. A pullback into the rising EMA zone near prior support offers a favorable entry, with price tightly tracking above EMAs supporting short-term execution readiness. Transition risk persists at the $57–58 resistance. Long-term trend is sideways, limiting secular support.

  • ↑Q1 revenue $1.1B (+8% YoY); federal solutions +12%
  • ↑Backlog $9.3B (71% funded); $11B in unbooked awards
  • ↓49% of revenue tied to a handful of long-term frameworks
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Parsons Corporation (NYSE: PSN) is a leading provider of technology-driven solutions in critical infrastructure, defense, and intelligence sectors. With a strong focus on cybersecurity, environmental remediation, and infrastructure management, Parsons strategically aligns its portfolio with government priorities and macroeconomic trends, primarily serving federal clients and international markets, particularly in the Middle East. This positioning allows Parsons to capitalize on increased government spending in infrastructure and national security, fostering robust operational performance.

Bull says

  • ↑Q1 revenue $1.1B (+8% YoY); federal solutions +12%
  • ↑Backlog $9.3B (71% funded); $11B in unbooked awards
  • ↑Share buybacks of $35M; cash flow from ops up $8M YoY
  • ↑FY26 organic growth guided at 8.5%, driven by Middle East projects
  • ↑Altamira acquisition expands multi-intel and defense footprint
  • ↑High earnings yield, strong growth metrics, solid dividend yield

Bear says

  • ↓49% of revenue tied to a handful of long-term frameworks
  • ↓Geopolitical tensions in the Middle East could delay project funding
  • ↓Negative analyst revisions suggest easing expectations
  • ↓Elevated short interest indicates market skepticism
  • ↓Margin pressures in federal solutions segment strain profitability
  • ↓Weak profitability factors and low institutional ownership dampen support

Investment themes with PSN

Defense Tech↓ -0.44%

LMT · RTX · GD

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-30-2026neutral

Transcript signals

Bull points

  • We've started 2026 with solid results and favorable forward-looking indicators toward future growth.
  • With a strong book-to-bill in both segments, record-adjusted EBITDA margins, and our highest total and funded backlog to date, we are well-positioned to deliver for our customers and shareholders.
  • We continue to effectively deploy capital, investing in strategic acquisitions, internal research and development, and increased share buybacks, all to support long-term growth and create shareholder value.

Bear points

  • Total revenue, including the confidential contract, decreased 4% from the prior year period and was down 8% on an organic basis.
  • SG&A expenses for the first quarter increased 10% from the prior year period, primarily driven by costs related to recent acquisitions and higher transaction expenses.
  • Total federal solutions revenue, including the confidential contract, decreased 10 percent from the prior year period and 17 percent on an organic basis.
Read full transcript analysis ›