In the coming report, Progress Software (PRGS) is predicted by Wall Street analysts to achieve a quarterly profit of $ 1.04 per share, which reflects a fall of 16.8% compared to the same period last year. The income is predicted as $ 235.85 million, which is an increase of 27.7%on an annual basis.
The estimate of the EPS consensus for the quarter has remained unchanged for the past 30 days. This reflects how the analysts covering the shares, have again evaluated their first estimates during this time frame.
Prior to the winning announcement of a company, it is crucial to consider considering revisions of winnings. This serves as an important indicator for predicting potential investor actions with regard to the shares. Empirical research has consistently demonstrated a robust correlation between trends in Winstevision and the short -term price performance of a share.
Although it is usual for investors to rely on consensus income and income estimates to assess how the company performed in the quarter, exploring the predictions of analysts for important statistics can provide valuable insights.
With this in mind, we now have the average estimates examined of specific progress software statistics that are often monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, ‘revenue services’ should reach $ 54.18 million. The estimate suggests a change of +191.9% year after year.
Analysts predict ‘income maintenance’ to reach $ 107.98 million. The estimate indicates a change of +5.8% compared to the quarter of last year.
It is projected by analysts that ‘income maintenance and services’ will reach $ 162.16 million. The estimate points to a change of +34.5% compared to the quarter of a year ago.
The average prediction of analysts places ‘income software licenses’ on $ 73.37 million. The estimate suggests a change of +14.5% years after year.
View all important business statistics for progress software >>>
Shares of progressing software have demonstrated the return of -2.7% last month compared to the change in the Zacks S&P 500 Composite -2.9%. With a Zacks Rank #3 (Hold), PRGS is expected to reflect the total market performance in the near future. You can see the full list of the Rank #1 (strong purchase) shares of today >>>>>
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Progress Software Corporation (PRGS): Free stock analysis report
