Progress Software Corp expected to post earnings of 95 cents a share - Earnings Preview
21/06/2024 21:55
* Progress Software Corp PRGS.OQ PRGS.O is expected
to show a
fall in quarterly revenue when it reports results on June 25
for the period ending May 31 2024
* The Burlington Massachusetts-based company is expected to
report a 6.0% decrease in revenue to $168.42 million from
$179.23 million a year ago, according to the mean estimate from
7 analysts, based on LSEG data.The company's guidance on March
26 2024, for the period ended May 31, was for revenue between
$166.00 million and $170.00 million.
* LSEG's mean analyst estimate for Progress Software Corp
is for
earnings of 95 cents per share. The company's EPS guidance on
March 26 2024, for the period ended May 31, was between $0.93
and $0.97
* 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 $64.50, above its last closing price of $48.20.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Feb. 29 2024 1.14 1.14 1.25 Beat 9.7
Jan. 1 2024 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. 1.05 1.05 1.19 Beat 13.6
28 2023
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
This summary was machine generated June 21 at 20:55 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)