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Insights Into Progress Software (PRGS) Q1: Wall Street Projections for Key Metrics
PRGSProgress(PRGS) ZACKS· ZACKS·2025-03-26 14:16

Core Viewpoint - Progress Software (PRGS) is expected to report quarterly earnings of 1.04pershare,adeclineof16.81.04 per share, a decline of 16.8% year-over-year, while revenues are forecasted to increase by 27.7% to 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 54.18million,reflectingayearoveryearincreaseof191.954.18 million, reflecting a year-over-year increase of 191.9% [4] - Revenue from Maintenance is expected to reach 107.98 million, indicating a 5.8% increase from the prior-year quarter [4] - Combined Revenue from Maintenance and Services is forecasted at 162.16million,representinga34.5162.16 million, representing a 34.5% year-over-year change [4] - Revenue from Software Licenses is estimated 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]