Market Overview

Progress Software's Earnings: A Preview

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Progress Software (NASDAQ: PRGS) announces its next round of earnings this Tuesday, September 29. Here is Benzinga's everything-that-matters guide for this Tuesday's Q3 earnings announcement.

Earnings and Revenue

Analysts covering Progress Software modeled for quarterly EPS of $0.77 on revenue of $110.10 million. Progress Software reported a per-share profit of $0.75 when it published results during the same quarter last year. Sales in that period totaled $115.52 million. The Wall Street consensus estimate for earnings per share would represent a 2.67% increase for the company. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.62 0.70 0.75 0.68
EPS Actual 0.63 0.76 0.79 0.75
Revenue Estimate 98.33 M 112.06 M 118.30 M 110.83 M
Revenue Actual 102.50 M 113.76 M 123.42 M 115.52 M

Stock Performance

Over the past 52-week period, shares of Progress Software have declined 4.66%.

Bearing these returns in mind, shareholders will probably be neutral going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Progress Software is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/c55j7cf2

 

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