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

Progress Software

29/06/2023 22:56

* Progress Software Corp  PRGS.OQ  reported quarterly
adjusted
earnings of $1.06​​ per share for the quarter ended in May. The
mean expectation of seven analysts for the quarter was
for earnings of 90 cents per share.
    * Revenue rose 18.8% to $179.23 million from a year ago;
analysts
expected $169.78 million. 
    * Progress Software Corp's reported EPS for the quarter was
27
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Progress Software Corp shares had fallen by 6.7% this
quarter and gained 6.2% so far this year.
    * The company reported quarterly net income of $12.09
million.
    * Wall Street's median 12-month price target for Progress
Software
Corp is $63.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data June
29 at 09:56 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      0.90           1.06           Beat
 Feb. 28 2023      1.05           1.19           Beat
 Nov. 30 2022      1.09           1.12           Beat
 Aug. 31 2022      0.97           1.00           Beat