Progress Software Corp reports results for the quarter ended in February - Earnings Summary

Progress Software

28/03/2023 22:51

* Progress Software Corp  PRGS.OQ  reported quarterly
adjusted
earnings of $1.19​​ per share for the quarter ended in February.
The mean expectation of seven analysts for the quarter was
for earnings of $1.05 per share.
    * Revenue rose 12.3% to $165.61 million from a year ago;
analysts
expected $158.66 million. 
    * Progress Software Corp's reported EPS for the quarter was
53
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Progress Software Corp shares had risen by 16.6% this
quarter.
    * The company reported quarterly net income of $23.67
million.
    * Wall Street's median 12-month price target for Progress
Software
Corp is $54.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 28 at 09:51 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 28 2023      1.05           1.19           Beat
 Nov. 30 2022      1.09           1.12           Beat
 Aug. 31 2022      0.97           1.00           Beat
 May. 31 2022      0.95           1.04           Beat