Progress Software Corp (PRGS, Financial) is set to release its Q3 2024 earnings on Sep 24, 2024. The consensus estimate for Q3 2024 revenue is $175.94 million, and the earnings are expected to come in at $0.50 per share. The full year 2024's revenue is expected to be $730.02 million and the earnings are expected to be $2.03 per share. More detailed estimate data can be found on the Forecast page.
Progress Software Corp (PRGS, Financial) Estimates Trends
Over the past 90 days, the revenue estimates for Progress Software Corp (PRGS) for the full year 2024 have increased from $726.50 million to $730.02 million. However, the estimates for 2025 have declined from $757.51 million to $751.54 million. Earnings estimates for the full year 2024 have risen from $2.01 per share to $2.03 per share, and for 2025, they have increased from $2.47 per share to $2.55 per share.
Progress Software Corp (PRGS, Financial) Reported History
In the previous quarter of 2024-05-31, Progress Software Corp's (PRGS) actual revenue was $175.08 million, which beat analysts' revenue expectations of $168.42 million by 3.95%. Progress Software Corp's (PRGS) actual earnings were $0.37 per share, which beat analysts' earnings expectations of $0.26 per share by 42.31%. After releasing the results, Progress Software Corp (PRGS) was up by 12.81% in one day.
Progress Software Corp (PRGS, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 5 analysts, the average target price for Progress Software Corp (PRGS) is $64.60 with a high estimate of $68 and a low estimate of $60. The average target implies an upside of 12.17% from the current price of $57.59.
Based on GuruFocus estimates, the estimated GF Value for Progress Software Corp (PRGS, Financial) in one year is $65.27, suggesting an upside of 13.34% from the current price of $57.59.
Based on the consensus recommendation from 5 brokerage firms, Progress Software Corp's (PRGS, Financial) average brokerage recommendation is currently 1.4, indicating a "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
