Progress Software Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Group 1 - Progress Software Corporation is set to release its third-quarter earnings results on September 29, with analysts expecting earnings of $1.30 per share, an increase from $1.26 per share in the same period last year [1] - The company projects quarterly revenue of $240.11 million, compared to $178.69 million a year earlier, indicating significant growth [1] Group 2 - In the second quarter, Progress Software reported better-than-expected earnings, leading to a slight increase in share price, closing at $41.20 [2] - Analysts have provided various ratings for the company, with Citigroup maintaining a Neutral rating and lowering the price target from $64 to $57, while Wedbush reiterated an Outperform rating with a price target of $75 [4] - Guggenheim and Oppenheimer analysts have also given Buy and Outperform ratings respectively, with price targets of $83 and $80, indicating a generally positive outlook from multiple analysts [4]