Progress Software Corp expected to post earnings of $1.00 a share - Earnings Preview
22/09/2023 21:13
* Progress Software Corp PRGS.OQ PRGS.O is expected
to show a
rise in quarterly revenue when it reports results on September
26.
* The Burlington Massachusetts-based company is expected to
report a 13.4% increase in revenue to $173.574 million from
$153.06 million a year ago, according to the mean estimate from
5 analysts, based on Refinitiv data. The company's guidance on
June 29 2023, for the period ended August 31, was for revenue
between $172.00 million and $176.00 million.
* Refinitiv's mean analyst estimate for Progress Software
Corp is
for earnings of $1.00 per share. The company's EPS guidance on
June 29 2023, for the period ended August 31, was between $0.98
and $1.02
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Progress
Software
Corp is $64.5, above its last closing price of $56.30.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
May. 31 2023 0.90 0.90 1.06 Beat 17.4
Feb. 28 2023 1.05 1.05 1.19 Beat 13.6
Nov. 30 2022 1.08 1.09 1.12 Beat 3.1
Aug. 31 2022 0.97 0.97 1.00 Beat 2.8
May. 0.95 0.95 1.04 Beat 9.4
31 2022
Feb. 28 2022 0.85 0.85 0.97 Beat 14.5
Nov. 30 2021 0.74 0.74 0.92 Beat 24.9
Aug. 31 2021 0.82 0.82 1.18 Beat 43.4
This summary was machine generated September 22 at 20:13 GMT.
All figures in US dollars unless otherwise stated