Earnings Preview For Progress Software

Progress Software (NASDAQ:PRGS) is set to give its latest quarterly earnings report on Monday, 2025-03-31. Here's what investors need to know before the announcement.

Analysts estimate that Progress Software will report an earnings per share (EPS) of $1.39.

The announcement from Progress Software is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Historical Earnings Performance

The company's EPS beat by $0.12 in the last quarter, leading to a 9.86% drop in the share price on the following day.

Here's a look at Progress Software's past performance and the resulting price change:

Quarter

Q4 2024

Q3 2024

Q2 2024

Q1 2024

EPS Estimate

1.21

1.13

0.95

1.14

EPS Actual

1.33

1.26

1.09

1.25

Price Change %

-10.0%

12.0%

13.0%

-0.0%

Tracking Progress Software's Stock Performance

Shares of Progress Software were trading at $53.52 as of March 27. Over the last 52-week period, shares are up 0.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Progress Software

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Progress Software.

Analysts have provided Progress Software with 5 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $75.8, suggesting a potential ...