Progress Software Earnings Preview
Portfolio Pulse from Benzinga Insights
Progress Software (NASDAQ:PRGS) is expected to report an EPS of $1.14 in its upcoming quarterly earnings on March 26, 2024. Historically, the company has had mixed earnings performance, with share price reactions varying post-earnings announcement. Shares are currently trading at $52.48, down 10.69% over the last year. Investors are looking for a beat on the EPS estimate and positive future guidance.
March 25, 2024 | 5:00 pm
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Progress Software is anticipated to announce an EPS of $1.14 in its upcoming earnings, with investors keen on both the results and future guidance.
Given the historical performance where PRGS's share price reacted to both earnings beats and misses, the short-term impact is uncertain. The expected EPS is a key figure, but investor focus on future guidance could mean the actual EPS impact is nuanced. The recent 10.69% YTD drop suggests a bearish sentiment, but a positive earnings surprise or optimistic guidance could provide short-term uplift.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100