Progress Software's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Progress Software (NASDAQ:PRGS) is set to release its latest quarterly earnings report on June 29, 2023. Analysts estimate an earnings per share (EPS) of $0.90. The company's past performance shows a pattern of share price drops following earnings beats. The stock was trading at $54.0 as of June 27, with a 52-week increase of 19.07%.
June 28, 2023 | 2:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Progress Software's upcoming earnings report could impact its stock price. Past performance shows a trend of price drops following earnings beats. The stock has seen a 19.07% increase over the last 52 weeks.
Progress Software's stock price has historically dropped following earnings beats. With the upcoming earnings report, there is a potential for a similar pattern to occur, especially if the company beats the estimated EPS of $0.90. This could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100