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Stock impact report

Results: Progress Software Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates [Yahoo! Finance]

Progress Software Corporation (PRGS) 
Last progress software corporation earnings: 3/26 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.progress.com
Company Research Source: Yahoo! Finance
in and see if the business is performing in line with expectations. Revenues were US$185m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of US$0.51 were also better than expected, beating analyst predictions by 17%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. Check out our latest analysis for Progress Software Following last week's earnings report, Progress Software's eight analysts are forecasting 2024 revenues to be US$726.9m, approximately in line with the last 12 months. Per-share earnings are expected to leap 27% to US$2.01. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$728.5m and earnings per Show less Read more
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