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Insights Into Progress Software (PRGS) Q1: Wall Street Projections for Key Metrics
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In its upcoming report, Progress Software (PRGS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.04 per share, reflecting a decline of 16.8% compared to the same period last year. Revenues are forecasted to be $235.85 million, representing a year-over-year increase of 27.7%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Progress Software metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $54.18 million. The estimate suggests a change of +191.9% year over year.
Analysts forecast 'Revenue- Maintenance' to reach $107.98 million. The estimate indicates a change of +5.8% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Maintenance and services' will reach $162.16 million. The estimate points to a change of +34.5% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Software licenses' at $73.37 million. The estimate suggests a change of +14.5% year over year.
Shares of Progress Software have demonstrated returns of -2.7% over the past month compared to the Zacks S&P 500 composite's -2.9% change. With a Zacks Rank #3 (Hold), PRGS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Insights Into Progress Software (PRGS) Q1: Wall Street Projections for Key Metrics
In its upcoming report, Progress Software (PRGS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.04 per share, reflecting a decline of 16.8% compared to the same period last year. Revenues are forecasted to be $235.85 million, representing a year-over-year increase of 27.7%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Progress Software metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $54.18 million. The estimate suggests a change of +191.9% year over year.
Analysts forecast 'Revenue- Maintenance' to reach $107.98 million. The estimate indicates a change of +5.8% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Maintenance and services' will reach $162.16 million. The estimate points to a change of +34.5% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Software licenses' at $73.37 million. The estimate suggests a change of +14.5% year over year.
View all Key Company Metrics for Progress Software here>>>
Shares of Progress Software have demonstrated returns of -2.7% over the past month compared to the Zacks S&P 500 composite's -2.9% change. With a Zacks Rank #3 (Hold), PRGS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>