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

Progress Software

17/01/2023 22:01

* Progress Software Corp  PRGS.OQ  reported quarterly
adjusted
earnings of $1.12​​ per share for the quarter ended in November.
The mean expectation of seven analysts for the quarter was
for earnings of $1.09 per share.
    * Revenue rose 10.7% to $159.17 million from a year ago;
analysts
expected $162.57 million. 
    * Progress Software Corp's reported EPS for the quarter was
54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Progress Software Corp shares had risen by 6.6% this
quarter.
    * The company reported quarterly net income of $23.71
million.
    * Wall Street's median 12-month price target for Progress
Software
Corp is $56.00 
    * 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 Refinitiv data January
17 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Nov. 30 2022      1.09           1.12           Beat
 Aug. 31 2022      0.97           1.00           Beat
 May. 31 2022      0.95           1.04           Beat
 Feb. 28 2022      0.85           0.97           Beat