Archived explainer. For the current picture see today's PSN page.
PARSONS CORP DEL (PSN) is down -39.38% in the latest session. Our newswire has captured 8 stories on PSN across 7 sources in the last 36 hours, with AI sentiment reading mixed (avg 53/100).
Parsons (PSN) stock fell 39.38% to $37.60 in premarket trading on July 29, 2026, driven by the company's second-quarter earnings report that fell short of expectations. The stock opened with a 19.8% gap down from the previous close and continued to decline throughout the session. The drop came as the company reported adjusted earnings per share of $0.06, significantly below the $0.76 estimate, and revenue of $1.576 billion, which missed the $1.617 billion forecast. The earnings report also included a downward revision of full-year sales guidance.
Parsons reported second-quarter 2026 results that revealed a non-GAAP EPS of $0.65, missing estimates by $0.11, and revenue of $1.58 billion, falling short by $30 million. The company also lowered its full-year 2026 revenue guidance from $6.5 billion to $6.8 billion to $6.2 billion to $6.5 billion. Despite a 24% year-over-year increase in contract awards and a book-to-bill ratio of 1.2x, the results were overshadowed by the earnings and revenue misses. The SEC 8-K filing confirmed the results of operations and financial condition, including the adjusted EPS and revised guidance. The stock's sharp decline reflects the market's negative reaction to these outcomes.
The stock opened at $49.76, a significant gap down from the previous close of $62.03, and continued to fall throughout the session, reaching a low of $36.26. The volume of 3.1 million shares was 2.5 times the 3-month daily average, indicating heightened investor activity. Over the last 8 sessions, the stock had risen 8.4% from $57.20 to $62.03, but the earnings miss reversed much of that progress. The company's fundamentals show a market cap of $6.4 billion, a P/E of 29.6, and a trailing 12-month revenue decline of 6.9%. The stock is currently trading below its 52-week range of $46.88 to $89.50.
Parsons has no upcoming earnings date to monitor, but the market will continue to assess the company's ability to meet its revised guidance and execute on its strategic initiatives. Investors should also watch for further developments in contract awards and operational performance.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Not financial advice.
Despite a dip in revenue and headline earnings due to one-off charges, Parsons (PSN) delivers robust contract wins, maintains industry-leading book-to-bill ratios, and achieves critical progress in strategic portfolio realignment, with adjusted results painting a picture of underlying strength.
GE HealthCare, Ford rise post earnings, Parsons tanks premarket
With U.S. stock markets set to open in two hours, GE HealthCare Technologies Inc. (GEHC) was up 12.6% in pre-market trading, and Manhattan Associates Inc. (MANH) was up 10.8%.
Parsons (PSN) Q2 earnings: EPS/revenue miss, flat sales, book-to-bill 1.2x, strong Federal bookings, and lowered FY26 guidance—see key takeaways now.
Filed: 2026-07-29 AccNo: 0001193125-26-322054 Size: 2 MB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
Key Takeaways Continued strong demand with 24% year-over-year increase in contract awards and a 1.2x book-to-bill ratio for the quarter, positioning the company for continued success
Parsons (PSN) is scheduled to announce Q2 earnings results on Wednesday. The consensus EPS Estimate is $0.76 (-2.6% Y/Y) and the consensus Revenue Estimate is $
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Earlier PSN move explainers: 2026-07-30 · 2026-07-29