How To Earn $500 A Month From Progress Software Stock Ahead Of Q2 Earnings Report
Portfolio Pulse from Avi Kapoor
Progress Software Corporation (NASDAQ:PRGS) is set to release its Q2 earnings report on June 25. Analysts expect a decrease in earnings per share from $1.06 to $0.95 and revenue of $168.42 million. The company has a dividend yield of 1.45%, translating to a quarterly dividend of $0.175 per share. To earn $500 monthly from dividends, an investor would need to own approximately 8,571 shares, worth around $413,122. PRGS shares recently fell 1.6% to $48.20.
June 21, 2024 | 1:06 pm
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Progress Software is expected to report a decrease in Q2 earnings per share from $1.06 to $0.95, with revenue projected at $168.42 million. The company has a dividend yield of 1.45%, and its stock recently fell 1.6% to $48.20.
The expected decrease in earnings per share and the recent drop in stock price suggest a negative short-term impact on PRGS. The dividend yield remains stable, but the overall sentiment is likely to be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100