PSN Parsons Services Company

BULLISH Impact: 7/10 PRESS-RELEASE
Horizon months Filed Mar 25, 2026 Processed 2mo ago Wire GlobeNewswire
Press release: contract
Latest settled — T+20d
PSN ▼ -0.32% at T+20d
LONG call ✗ call lost -0.32% · α vs SPY -10.98% · entry $53.62 → $53.45
Next anchor: T+60d in 12d
Currently $58.51 · +9.12% from $53.62 entry
Entry anchored
Mar 25, 03:59 PM ET
via Databento tick
T+1d
-2.07%
call -2.07% · α -0.39%
$52.51
settled 3mo ago
T+5d
+5.04%
call +5.04% · α +3.40%
$56.32
settled 2mo ago
T+20d
-0.32%
call -0.32% · α -10.98%
$53.45
settled 7w ago
T+60d
—
call — · α —
—
in 12d

Price Chart

Loading chart...

Executive Summary

Parsons Corporation (PSN) has been selected as the lead designer for the $389 million I-64 Hampton Roads Express Lanes (HREL) Norfolk Segment 1B project in Virginia, a design-build contract led by Lane Construction Corporation. The project will convert existing lanes into a bi-directional express lane system, enhancing regional mobility and reinforcing Parsons' position in the transportation infrastructure market.

Key Financial Metrics

Deal Value
$389.0M

Actionable Insight

Traders should monitor Parsons' upcoming earnings for updates on contract execution and potential backlog conversion; this award may lead to further regional wins given Parsons' expanding footprint in transportation infrastructure.

Key Facts

  • Parsons is the lead designer for the $389 million HREL Norfolk Segment 1B project.
  • Project involves converting existing lanes on I-64 into a bi-directional express lane system between I-264 and Tidewater Drive.
  • Scope includes bridge replacements, roadway widening, noise barriers, and advanced traffic management systems.
  • Project will extend the HREL network to 45 continuous miles across Hampton Roads.
  • Parsons has a long-standing presence in the region and has delivered over 10,000 miles of road infrastructure globally.

Financial Impact

$389 million contract value, directly contributing to future revenue

revenuebacklog

Risk Factors

  • Execution risk associated with large-scale design-build projects, including delays or cost overruns.
  • Revenue recognition may be back-end loaded, limiting near-term financial impact.

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3262564
21 reports for PSN
Performance horizon
83% Hit rate 5 of 6 directional calls best @ T+20▲ +19.40%May 8, 2026
Filters
Rows
Reports for PSN — sortable, filterable
Type Now
Jun 9, 2026
today
Press Release
BULLISH ★ 5/10
—awaiting T+1——
Jun 8, 2026
1d ago
Press Release
BULLISH ★ 6/10
$58.74 awaiting T+1awaiting T+1—$58.51 (−0.38%)
Jun 3, 2026
6d ago
Press Release
BULLISH ★ 5/10
$59.95 $60.64▲ +1.15%▲ +0.75%$58.51 (−2.40%)
May 12, 2026
28d ago
Press Release
NEUTRAL ★ 4/10
$52.70 $50.34▼ −4.48%▼ −5.05%$58.51 (+11.02%)
May 8, 2026
4w ago
Insider Cluster
BULLISH ★ 5/10
$50.38 $51.48▲ +2.18%▲ +2.25%$58.51 (+16.14%)
May 8, 2026
4w ago
Insider Cluster
BULLISH ★ 6/10
$49.18 $48.74▼ −0.89%▼ −1.13%$58.51 (+18.97%)
May 8, 2026
4w ago
Insider Cluster
NEUTRAL ★ 4/10
$49.18 $48.74▼ −0.89%▼ −1.13%$58.51 (+18.97%)
Apr 29, 2026
5w ago
Press Release
MIXED ★ 5/10
$50.30 $50.41▲ +0.22%▼ −0.80%$58.51 (+16.32%)
Apr 27, 2026
6w ago
Press Release
BULLISH ★ 7/10
$51.50 $51.84▲ +0.66%▲ +1.15%$58.51 (+13.61%)
Apr 20, 2026
7w ago
Press Release
NEUTRAL ★ 4/10
$54.92 $54.37▼ −1.00%▼ −0.35%$58.51 (+6.54%)
Showing 10 of 21

US Market Status

Market Closed — Opens Thu (9h 36m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access