Progress Software Corp reports results for the quarter ended February 28 - Earnings Summary
31/03/2025 22:01
Progress Software Corp PRGS.OQ reported quarterly adjusted earnings of $1.31 per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $1.25. The mean expectation of seven analysts for the quarter was for earnings of $1.06 per share. Wall Street expected results to range from $1.02 to $1.13 per share. Revenue rose 28.9% to $238.02 million from a year ago; analysts expected $235.63 million. Progress Software Corp's reported EPS for the quarter was 24 cents. The company reported quarterly net income of $10.95 million. Progress Software Corp shares had fallen by 21.1% this quarter. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 24.1% in the last three months. In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. RECOMMENDATIONS 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 average consensus recommendation for the software peer group is also "buy" Wall Street's median 12-month price target for Progress Software Corp is $75.00 This summary was machine generated from LSEG data March 31 at 09:00 p.m. UTC. 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)
| QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
| Feb. 28 2025 | 1.06 | 1.31 | Beat |
| Nov. 30 2024 | 1.22 | 1.33 | Beat |
| Aug. 31 2024 | 1.14 | 1.26 | Beat |
| May. 31 2024 | 0.95 | 1.09 | Beat |