Core Viewpoint - Progress Software (PRGS) is expected to report quarterly earnings of 235.85 million [1] Earnings Estimates - Analysts have maintained the consensus EPS estimate for the quarter over the last 30 days, indicating a collective reevaluation of initial estimates [1][2] - Revisions to earnings estimates are crucial for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [2] Revenue Projections - Revenue from Services is projected to be 107.98 million, indicating a 5.8% increase from the prior-year quarter [4] - Combined Revenue from Maintenance and Services is forecasted at 73.37 million, suggesting a 14.5% increase year-over-year [5] Stock Performance - Progress Software shares have shown a return of -2.7% over the past month, slightly outperforming the Zacks S&P 500 composite's -2.9% change [6] - The company holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [6]
Insights Into Progress Software (PRGS) Q1: Wall Street Projections for Key Metrics