Progress Software Corp expected to post earnings of $1.14 a share - Earnings Preview
22/03/2024 20:53
* Progress Software Corp PRGS.OQ PRGS.O is expected
to show a
rise in quarterly revenue when it reports results on March 26
for the period ending February 29 2024
* The Burlington Massachusetts-based company is expected to
report a 9.8% increase in revenue to $181.909 million from
$165.61 million a year ago, according to the mean estimate from
6 analysts, based on LSEG data.The company's guidance on January
16 2024, for the period ended February 29, was for revenue
between $180.00 million and $184.00 million.
* LSEG's mean analyst estimate for Progress Software Corp
is for
earnings of $1.14 per share. The company's EPS guidance on
January 16 2024, for the period ended February 29, was between
$1.12 and $1.16
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $64.00, above its last closing price of $52.89.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Nov. 30 2023 0.91 0.91 1.02 Beat 12.3
Aug. 31 2023 1.00 1.00 1.08 Beat 7.9
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. 1.08 1.09 1.12 Beat 3.1
30 2022
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
This summary was machine generated March 22 at 20:53 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)