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].

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]