Progress Software posted a better-than-expected Q2 result, with EPS of $1.62 and revenue of $253.5 million. The stock surged 11.7% to $37.52, signaling investor relief and potential multiple expansion. If software peers sustain solid quarters, PRGS could extend gains into the next earnings cycle.
Progress Software is slated to unveil Q2 results after the bell on June 30. Street estimates call for EPS around $1.49 on roughly $242.7 million in revenue, signaling year-over-year improvement. A strong Q1 beat previously spurred a 4.3% rise in PRGS shares, making the upcoming print a pivotal near-term catalyst for the stock.
Progress Software reported better-than-expected Q1 earnings of $1.60 per share, driving an EPS guidance raise for FY2026. However, the stock fell 6.6% due to reduced analyst price targets, signaling mixed investor sentiment that could affect near-term performance.
Progress Software reported strong Q4 earnings of $1.51 per share and provided optimistic guidance for fiscal 2026, suggesting robust earnings growth ahead. The stock has reacted positively, surging 7.51% in extended trading, indicating strong investor confidence related to its growth strategy and performance metrics.
PRGS to announce Q3 earnings on Sept. 29, expected at $1.30 per share. Projected Q3 revenue is $240.11 million, up significantly from last year. Analysts vary in ratings, with targets ranging from $57 to $83. Shares rose slightly to $41.20 ahead of earnings announcement. Previous Q2 earnings beat forecasts, indicating positive momentum.
PRGS to announce Q2 earnings on June 30, expected at $1.30 per share. Projected Q2 revenue of $237.23 million significantly up from last year. First-quarter results exceeded expectations, showing positive momentum. Analysts maintain generally bullish outlooks despite some price target adjustments. Price targets from analysts range from $70 to $83 for PRGS.