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Stay Ahead of the Game With Progress Software (PRGS) Q2 Earnings: Wall Street's Insights on Key Metrics
ZACKSยท 2025-06-25 14:15
Core Insights - Progress Software (PRGS) is expected to report quarterly earnings of $1.30 per share, reflecting a 19.3% increase year over year, with revenues projected at $237.84 million, indicating a 35.9% year-over-year growth [1] - The consensus EPS estimate has remained stable over the last 30 days, suggesting analysts have not changed their initial earnings projections during this period [1][2] Revenue Estimates - Analysts predict 'Revenue- Services' will reach $52.70 million, representing a significant year-over-year increase of 183.4% [4] - The 'Revenue- Maintenance' is expected to be approximately $111.65 million, indicating an 8.9% increase from the previous year [4] - 'Revenue- Maintenance and services' is forecasted to total $167.92 million, reflecting a 38.7% year-over-year growth [4] - 'Revenue- Software licenses' is anticipated to be $70.20 million, showing a 30.1% increase compared to the same quarter last year [5] Stock Performance - Shares of Progress Software have increased by 4.4% over the past month, slightly underperforming the Zacks S&P 500 composite, which rose by 5.1% [6] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the overall market in the near term [6]