Progress Software (PRGS) Q3 Earnings and Revenues Beat Estimates

Core Insights - Progress Software (PRGS) reported quarterly earnings of $1.5 per share, exceeding the Zacks Consensus Estimate of $1.3 per share, and showing an increase from $1.26 per share a year ago, resulting in an earnings surprise of +15.38% [1] - The company achieved revenues of $249.8 million for the quarter ended August 2025, surpassing the Zacks Consensus Estimate by 3.93% and up from $178.69 million year-over-year [2] - Progress Software has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] Financial Performance - The company has delivered a revenue surprise three times in the last four quarters, indicating strong performance relative to market expectations [2] - Despite the positive earnings report, Progress Software shares have declined approximately 35.5% year-to-date, contrasting with a 13% gain in the S&P 500 [3] Future Outlook - The future performance of Progress Software's stock will largely depend on management's commentary during the earnings call and the subsequent revisions of earnings estimates [3][4] - Current consensus estimates for the upcoming quarter are $1.32 EPS on $251.11 million in revenues, and for the current fiscal year, $5.35 EPS on $966.85 million in revenues [7] - The Zacks Industry Rank places the Computer - Software sector in the top 38% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8]