Top Wall Street Forecasters Revamp Progress Software Price Expectations Ahead Of Q1 Earnings

Progress Software Corporation (NASDAQ:PRGS) will release its first-quarter financial results after the closing bell on Monday, March 31.

Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings at $1.06 per share, down from $1.25 per share in the year-ago period. Progress Software projects quarterly revenue of $235.63 million, compared to $184.69 million a year earlier, according to data from Benzinga Pro.

On Feb. 27, Progress named Ed Keisling to the role of Chief AI Officer.

Progress Software shares fell 4% to close at $51.39 on Friday.

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