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PRGS
Benzinga
6 hrs

Progress Software Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. PRGS to announce Q3 earnings on Sept. 29, expected at $1.30 per share. 2. Projected Q3 revenue is $240.11 million, up significantly from last year. 3. Analysts vary in ratings, with targets ranging from $57 to $83. 4. Shares rose slightly to $41.20 ahead of earnings announcement. 5. Previous Q2 earnings beat forecasts, indicating positive momentum.

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FAQ

Why Bullish?

Positive earnings expectations and revenue growth may boost investor confidence. Historical reactions to earnings surprises suggest upward price movement, especially if actual results meet or exceed expectations.

How important is it?

Earnings reports directly impact stock prices; positive forecasts indicate strong performance potential. Analysts' varied ratings further highlight investor interest and potential market volatility.

Why Short Term?

The upcoming earnings announcement is likely to have immediate effects. Investor sentiment could shift sharply based on the reported results.

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