Progress Software Corp expected to post earnings of 91 cents a share - Earnings Preview
12/01/2024 21:02
* Progress Software Corp PRGS.OQ PRGS.O is expected
to show a
rise in quarterly revenue when it reports results on January 16
for the period ending November 30 2023
* The Burlington Massachusetts-based company is expected to
report a 9.3% increase in revenue to $174.048 million from
$159.17 million a year ago, according to the mean estimate from
4 analysts, based on LSEG data.The company's guidance on
September 26 2023, for the period ended November 30, was for
revenue between $171.40 million and $177.40 million. (Revenue
Majority basis is under NON-GAAP)
* LSEG's mean analyst estimate for Progress Software Corp
is for
earnings of 91 cents per share. The company's EPS guidance on
September 26 2023, for the period ended November 30, was between
$0.87 and $0.93
* 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 $53.33.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
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. 30 2022 1.08 1.09 1.12 Beat 3.1
Aug. 0.97 0.97 1.00 Beat 2.8
31 2022
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. 30 2021 0.74 0.74 0.92 Beat 24.9
This summary was machine generated January 12 at 21:02 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)