Market Overview

Earnings Outlook For Progress Software


Progress Software (NASDAQ: PRGS) will be releasing its next round of earnings Wednesday, Jan. 10. For all of the relevant information, here is your guide for Wednesday's Q4 earnings announcement.

Earnings and Revenue

Progress Software EPS is expected to be around 61 cents, according to sell-side analysts. Sales will likely be near $114 million.

Progress Software reported a per-share loss of $1.49 when it published results during the same quarter last year. Sales in that period totaled $118 million. If the company were to report inline earnings when it publishes results Wednesday, earnings would be down 1.61 percent. Sales would have fallen 3.11 percent from the same quarter last year.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:


Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 0.43 0.37   0.56
EPS Actual 0.48 0.42 0.34 0.62


Q4 EPS Estimate: 0.61
Q4 Revenues Estimate: $114 million

Stock Performance

As of Jan. 10, Progress Software's share price was $43.97. For a full 12 months, the return has risen by 39.45 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The popular rating by analysts on Progress Software stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.


Related Articles (PRGS)

View Comments and Join the Discussion!

Posted-In: Earnings News Previews Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at