Top Wall Street Forecasters Revamp Progress Software Expectations Ahead Of Q2 Earnings
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their expectations for Progress Software Corporation (NASDAQ:PRGS) ahead of its Q2 earnings release. Analysts predict earnings of $0.95 per share, down from $1.06 last year, and revenue of $168.42 million. Recent analyst ratings include Overweight, Outperform, Neutral, and Hold, with price targets ranging from $62 to $66.
June 24, 2024 | 12:44 pm
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Progress Software Corporation (NASDAQ:PRGS) is set to release its Q2 earnings, with analysts expecting a decrease in EPS to $0.95 from $1.06 last year and revenue of $168.42 million. Recent analyst ratings are mixed, with price targets ranging from $62 to $66.
The mixed analyst ratings and the expected decrease in EPS suggest a neutral short-term impact on PRGS stock. While some analysts maintain positive outlooks, the overall sentiment is cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100