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Market Impact: 0.35

Progress Software (PRGS) Q2 Earnings and Revenues Surpass Estimates

Corporate EarningsAnalyst EstimatesCompany Fundamentals
Progress Software (PRGS) Q2 Earnings and Revenues Surpass Estimates

Progress Software (PRGS) reported quarterly EPS of $1.62, beating the Zacks Consensus Estimate of $1.49 (up $0.13, ~8.7%). EPS also rose from $1.40 a year ago, indicating ~15.7% year-over-year growth. The results are a modest positive surprise versus expectations and could move the stock by ~1–3%.

Analysis

Progress Software (PRGS) reported quarterly EPS of $1.62, beating the Zacks Consensus Estimate of $1.49 (up $0.13, ~8.7%). EPS also rose from $1.40 a year ago, indicating ~15.7% year-over-year growth. The results are a modest positive surprise versus expectations and could move the stock by ~1–3%.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.30

Ticker Sentiment

PRGS0.60

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