Core Insights - Wall Street analysts expect Progress Software (PRGS) to report quarterly earnings of $1.31 per share, reflecting a year-over-year decline of 1.5% [1] - Revenue is anticipated to be $252.68 million, which represents a 17.5% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the past 30 days, indicating stability in analysts' projections [1] Revenue Estimates - Analysts project 'Revenue- Software licenses' to reach $59.82 million, indicating a year-over-year decline of 18.5% [4] - The consensus for 'Revenue- Maintenance' is expected to be $105.12 million, reflecting a 2.1% increase from the prior-year quarter [4] - 'Revenue- Maintenance and services (Maintenance, SaaS, and professional services)' is estimated at $187.82 million, showing a significant year-over-year increase of 32.7% [5] Stock Performance - Over the past month, Progress Software shares have declined by 2.8%, contrasting with the Zacks S&P 500 composite's increase of 2.1% [5] - Based on its Zacks Rank 3 (Hold), PRGS is expected to perform in line with the overall market in the near term [5]

Core Viewpoint - Wall Street analysts anticipate Progress Software (PRGS) to report quarterly earnings of $1.30 per share, reflecting a year-over-year increase of 3.2%, with revenues expected to reach $240.35 million, up 34.5% from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.3% in the last 30 days, indicating a reassessment of initial estimates by covering analysts [1][2]. - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [2]. Revenue Projections - Analysts project 'Revenue- Software licenses' to be $65.52 million, indicating a year-over-year increase of 13.3% [4]. - The average estimate for 'Revenue- Maintenance' is $107.45 million, reflecting a change of 4.2% from the year-ago quarter [4]. - 'Revenue- Maintenance and services (Maintenance, SaaS, and professional services)' is expected to reach $174.20 million, suggesting a significant year-over-year increase of 44.2% [5]. Stock Performance - Progress Software shares have experienced a decline of 9.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.1% [5]. - With a Zacks Rank of 3 (Hold), PRGS is expected to perform in line with the overall market in the near future [5].