Progress Software Corp expected to post earnings of $1.05 a share - Earnings Preview
24/03/2023 21:09
* Progress Software Corp PRGS.OQ PRGS.O is expected
to show a
rise in quarterly revenue when it reports results on March 28.
* The Burlington Massachusetts-based company is expected to
report a 7.6% increase in revenue to $158.663 million from
$147.51 million a year ago, according to the mean estimate from
5 analysts, based on Refinitiv data. The company's guidance on
January 17 2023, for the period ended February 28, was for
revenue between $157.00 million and $161.00 million.
* Refinitiv's mean analyst estimate for Progress Software
Corp is
for earnings of $1.05 per share. The company's EPS guidance on
January 17 2023, for the period ended February 28, was between
$1.04 and $1.08
* The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," 1 "hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.
* Wall Street's median 12-month price target for Progress
Software
Corp is $54, below its last closing price of $56.87.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
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. 31 2022 0.95 0.95 1.04 Beat 9.4
Feb. 28 2022 0.85 0.85 0.97 Beat 14.5
Nov. 0.74 0.74 0.92 Beat 24.9
30 2021
Aug. 31 2021 0.82 0.82 1.18 Beat 43.4
May. 31 2021 0.73 0.73 0.82 Beat 12.8
Feb. 28 2021 0.75 0.75 0.95 Beat 26.7
This summary was machine generated March 24 at 21:09 GMT. All
figures in US dollars unless otherwise stated