Citigroup has initiated coverage on Parsons Corp (PSN) with a Buy rating as of December 11, 2025. This marks Citigroup's first assessment of the company's investment potential based on its research and analysis of industry dynamics and growth prospects.
Currently, Parsons Corp trades at $63.41, with a market capitalization of $7.1 billion. The company has a trailing P/E ratio of 18.45 and reported an EPS of 3.31. It operates in the professional services sector, providing disruptive technology solutions across national security and global infrastructure markets.
The upcoming earnings report is scheduled for August 4, 2026, with an estimated EPS of $0.86 and revenue expectations of $1.7 billion. Recent performance has shown positive surprises, including a Q3 2025 EPS of $0.86 against an estimate of $0.76, representing a 13.4% surprise.
Analyst consensus indicates a Buy rating, with 6 Strong Buy, 5 Buy, and 4 Hold ratings among 15 analysts. This update provides insight into Citigroup's view of Parsons Corp's potential within its industry.