Wall Street analysts expect Progress Software (PRGS) to book a quarterly profit of $ 1.30 per share in its upcoming report, indicating an increase of 3.2%on an annual basis. Turnover is expected to be $ 240.35 million, an increase of 34.5% compared to the quarter of a year ago.
The estimate of the EPS consensus for the quarter has undergone an upward revision of 0.3% over the past 30 days, which brings it to its current level. This represents how the covering analysts as a whole have rearranged their first estimates during this time frame.
In anticipation of the profit -affluences of a company, it is crucial to give the necessary consideration to changes in profit estimates. These revisions serve as a remarkable factor in predicting potential investor reactions on the shares. Numerous empirical studies consistently demonstrate a strong relationship between trends in Winstevision and the price performance of a share in the short term.
While investors usually use the estimates of the consensus and income as indicators for quarterly business performance, exploring the projections of analysts for specific important statistics can offer 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, ‘income software licenses’ should reach $ 65.52 million. The estimate indicates an annual basis of +13.3%.
The average prediction of analysts places ‘income maintenance’ at $ 107.45 million. The estimate points to a change of +4.2% compared to the quarter of a year ago.
The assessment points of analysts on their way to ‘income and services (maintenance, saas and professional services)’ of $ 174.20 million. The estimate suggests a change of +44.2% year after year.
View all important business statistics for progress software >>>
Shares of progressing software have demonstrated the return of -9.7% last month compared to the change in the Zacks S&P 500 Composite +3.1%. With a Zacks Rank #3 (Hold), PRGS is expected to reflect the total market performance in the near future. Here you can see the full list of the Rank #1 (strong purchase) shares of today >>>>.
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