KeyCorp Has Pessimistic Outlook of Parsons Q1 Earnings

Parsons Corporation (NYSE:PSN) – Equities research analysts at KeyCorp decreased their Q1 2026 earnings estimates for Parsons in a research report issued on Tuesday, April 14th. KeyCorp analyst S. Jain now anticipates that the company will post earnings of $0.59 per share for the quarter, down from their prior forecast of $0.61. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Parsons’ current full-year earnings is $3.58 per share. KeyCorp also issued estimates for Parsons’ Q2 2026 earnings at $0.74 EPS, Q4 2026 earnings at $0.78 EPS and FY2026 earnings at $2.88 EPS.

Parsons (NYSE:PSN) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.06). The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Parsons had a return on equity of 11.81% and a net margin of 3.79%.The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share.

Several other analysts have also recently commented on the stock. Robert W. Baird restated a “neutral” rating and set a $60.00 price target on shares of Parsons in a report on Monday. Barclays dropped their price objective on shares of Parsons from $78.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Truist Financial reissued a “buy” rating and set a $85.00 target price (down from $90.00) on shares of Parsons in a research note on Thursday, February 12th. Citigroup lowered their price target on shares of Parsons from $88.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Parsons in a research note on Friday, March 27th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.42.

Parsons Trading Down 1.1%

NYSE:PSN opened at $55.95 on Thursday. The stock has a market cap of $5.92 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.77 and a beta of 0.73. Parsons has a fifty-two week low of $49.38 and a fifty-two week high of $89.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.75 and a quick ratio of 1.75. The stock’s 50-day moving average is $59.36 and its two-hundred day moving average is $70.08.

Hedge Funds Weigh In On Parsons

Several hedge funds have recently bought and sold shares of the business. Swedbank AB lifted its position in shares of Parsons by 654.7% in the fourth quarter. Swedbank AB now owns 1,052,541 shares of the company’s stock worth $65,047,000 after buying an additional 913,079 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Parsons by 151.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,061,614 shares of the company’s stock valued at $75,173,000 after acquiring an additional 639,481 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Parsons by 142.1% in the 4th quarter. Brown Advisory Inc. now owns 833,322 shares of the company’s stock valued at $51,499,000 after acquiring an additional 489,187 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Parsons in the 3rd quarter worth approximately $38,880,000. Finally, Millennium Management LLC lifted its holdings in Parsons by 973.5% in the 4th quarter. Millennium Management LLC now owns 513,630 shares of the company’s stock worth $31,742,000 after purchasing an additional 465,785 shares during the last quarter. 98.02% of the stock is owned by institutional investors and hedge funds.

More Parsons News

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Parsons’ JV won a $25 million U.S. Coast Guard program‑management contract tied to the Force Design 2028 Execution Plan; work includes a one‑year base and four option years, reinforcing Parsons’ federal backlog and program‑management credentials. GSIA-Parsons Joint Venture Awarded $25 Million US Coast Guard Program Management Contract
• Positive Sentiment: Zacks upgraded Parsons from “strong sell” to “hold,” which can reduce selling pressure from retail/quant strategies that follow Zacks gradings and may support the share base. Zacks upgrade coverage
• Neutral Sentiment: KeyCorp/KeyBanc research produced a string of small estimate changes: Q1 2026 EPS was trimmed, Q2 and Q4 estimates nudged up slightly, and FY2026 was lowered marginally — the net impact is modest but keeps consensus near management’s near‑term outlook (KeyCorp maintains a “Sector Weight”). Marketbeat summary of analyst estimates
• Neutral Sentiment: Robert W. Baird reiterated a neutral rating on the stock, which neither adds bullish conviction nor heightens downside risk. Baird reiterates Neutral
• Negative Sentiment: KeyBanc downgraded Parsons (coverage reported via MSN), a direct negative catalyst that can prompt re‑weighting by institutional investors and reduce momentum after recent analyst upgrades and contract news. KeyBanc downgrades Parsons (MSN)

About Parsons

Parsons Corporation (NYSE: PSN) is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.

Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.