Forecast of $0.784 per share precedes Parsons’ third-quarter results
Key Facts
Parsons is set to report its third-quarter 2026 results before the market opens on October 28, with analysts estimating earnings of $0.784 per share and revenue of $1.62 billion, according to figures reported by MarketBeat. These figures set the pre-announcement expectations but do not represent the company’s actual results. Parsons said it would release results before trading begins and hold a call to discuss them at 8:00 a.m. Eastern time the same day. The anticipated comparison will therefore focus on revenue and earnings per share against analysts’ estimates. The latest quarterly results in the available data are for the second quarter, when the company reported revenue of $1.6 billion and a net loss of $15 million.
In the second quarter of 2026, revenue fell 1% year over year to $1.6 billion, while the net loss was $15 million, a decline of $70 million compared with net income in the same period a year earlier. The company attributed the loss impact to net program losses of $85 million related to portfolio-shaping actions and a joint-venture charge. These prior results provide context for the third-quarter announcement but do not determine the direction of revenue or earnings in the new period. In the third quarter of 2025, revenue was about $1.6 billion, but fell 10% year over year and 14% organically. The company also reported net income of $64 million at the time, down $8 million from the previous year.
Third-quarter 2025 indicators also included adjusted earnings before interest, taxes, depreciation and amortization of $158 million, down 5% year over year. The book-to-bill ratio that quarter was 1.0 times. In the second quarter of 2026, Parsons reported net bookings of $1.9 billion, equivalent to a book-to-bill ratio of 1.2 times. Total backlog reached $9.3 billion, an increase of $314 million from the second quarter of 2025, including $6.6 billion funded. Chief Executive Carey Smith said the second-quarter results “highlight the demand for our solutions and the effectiveness of our strategy in a changing macroeconomic environment.”
In July, the company lowered its fiscal 2026 revenue guidance range to $6.2–$6.5 billion, from $6.5–$6.8 billion. The revision makes full-year guidance another indicator in the results announcement, alongside analysts’ published quarterly estimates. On the contracts front, Parsons announced on September 29 a preliminary $85 million agreement to provide consulting services and program management for construction of the U.S. Space Command’s new headquarters. The agreement has a 75-month period of performance, according to the company. Martin Boson, president of Parsons’ engineering systems, said the U.S. Space Command mission “requires resilient, secure and ready infrastructure.”
Parsons is scheduled to hold its results call on October 28 at 8:00 a.m. Eastern time, after releasing the figures before the market opens. The call will give the company an opportunity to present quarterly results in the context of the revenue guidance cut in July and demand indicators that included backlog and second-quarter new bookings. Analysts’ estimates of $0.784 per share and $1.62 billion in revenue remain reference points for comparison when results are released. Actual third-quarter data are not included in the information available here. Parsons set the announcement and investor-call date in an investor relations statement.