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Progress Software (PRGS) Earnings Date, Estimates & Call Transcripts

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$69.25 +0.52 (+0.76%)
(As of 11/22/2024 ET)

Progress Software Latest Earnings Summary

Upcoming Q4
Earnings Date
Jan. 21Estimated
Actual EPS
(Sep. 24)
$1.26 Beat By $0.12
Consensus EPS
(Sep. 24)
$1.14

Progress Software posted Q3 2024 earnings on September 24, 2024, reporting an EPS of $1.26, which beat the consensus estimate of $1.14 by $0.12. Quarterly revenue rose 1.7% year-over-year to $178.69 million, above analysts' expectations of $176.16 million. With a trailing EPS of $1.87 and a P/E Ratio of 37.03, Progress Software's earnings are expected to grow 18.18% next year, from $3.96 to $4.68 per share.

PRGS Upcoming Earnings

Progress Software's next earnings date is estimated for Tuesday, January 21, 2025, based off prior year's reporting schedules.

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PRGS Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

PRGS Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

Progress Software Analyst EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage EstimateCompany Guidance
Q1 20242$0.95$1.00$0.981.120 - 1.160
Q2 20242$0.98$0.99$0.990.930 - 0.970
Q3 20243$0.94$1.01$0.971.110 - 1.150
Q4 20243$1.00$1.02$1.011.150 - 1.250
FY 202410$3.87$4.02$3.94 
Q1 20251$1.00$1.00$1.00 
Q2 20251$0.95$0.95$0.95 
Q3 20251$1.02$1.02$1.02 
Q4 20251$1.32$1.32$1.32 
FY 20254$4.29$4.29 $4.29

Progress Software Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueLinks
1/21/2025
(Estimated)
------- 
9/24/2024Q3 2024$1.14$1.26+$0.12$1.49$176.16M$178.69M        
6/25/2024Q2 2024$0.74$0.87+$0.13$1.37$168.60M$175.08M    
3/26/2024Q1 2024$1.1350$1.25+$0.1150$1.55$181.91M$184.69M        
1/16/2024Q4 2023$0.9080$1.02+$0.1120$1.34$174.12M$177.52M        
9/26/2023Q3 2023$1.00$1.08+$0.08$1.38$173.27M$175.78M        
6/29/2023Q2 2023$0.90$1.06+$0.16$1.47$169.78M$179.23M        
3/28/2023Q1 2023$1.05$1.19+$0.14$1.49$158.77M$165.61M        
1/17/2023Q4 2022$0.93$0.91 -$0.02$1.28$163.04M$159.17M        

Progress Software Earnings - Frequently Asked Questions

Progress Software has not confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, January 21st, 2025 based off last year's report dates. Learn more on PRGS's earnings history.

Progress Software updated its fourth quarter 2024 earnings guidance on Tuesday, September, 24th. The company provided EPS guidance of 1.150-1.250 for the period, compared to the consensus earnings per share estimate of 1.280. The company issued revenue guidance of $207.0 million-$217.0 million, compared to the consensus revenue estimate of $194.3 million.

In the previous quarter, Progress Software (NASDAQ:PRGS) reported $1.26 earnings per share (EPS) to beat the analysts' consensus estimate of $1.14 by $0.12. Learn more on analysts' earnings estimate vs. PRGS's actual earnings.

The conference call for Progress Software's latest earnings report can be listened to online.
Listen to Conference Call

The conference call transcript for Progress Software's latest earnings report can be read online.
Read Transcript

Progress Software (NASDAQ:PRGS) has a recorded annual revenue of $694.44 million.

Progress Software (NASDAQ:PRGS) has a recorded net income of $70.20 million. PRGS has generated $1.87 earnings per share over the last four quarters.

Progress Software (NASDAQ:PRGS) has a trailing price-to-earnings ratio of 37.03 and a forward price-to-earnings ratio of 17.49. The price/earnings-to-growth ratio is 8.67.

Progress Software's earnings are expected to grow from $3.96 per share to $4.68 per share in the next year, which is a 18.18% increase.

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This page (NASDAQ:PRGS) was last updated on 11/24/2024 by MarketBeat.com Staff
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