Progress Software (NASDAQ:PRGS) Announces Q4 2026 Earnings Guidance

Key Points

• Progress Software guided Q4 2026 EPS to $1.24–$1.33, below the $1.37 consensus estimate, while revenue guidance of $297 million–$305 million is well above the $257.4 million consensus.
• The company set full-year 2026 EPS guidance at $6.15–$6.23; its most recent quarterly EPS of $1.38 missed analysts’ $1.52 estimate.
• Shares rose to $39.97 following the update. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $52.17.

Progress Software (NASDAQ:PRGS - Get Free Report) updated its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.240-1.330 for the period, compared to the consensus EPS estimate of 1.370. The company issued revenue guidance of $297.0 million-$305.0 million, compared to the consensus revenue estimate of $257.4 million. Progress Software also updated its FY 2026 guidance to 6.150-6.230 EPS.

Progress Software Price Performance

Shares of PRGS stock traded up $0.53 on Wednesday, reaching $39.97. The company's stock had a trading volume of 1,122,597 shares, compared to its average volume of 841,539. The company has a market capitalization of $1.64 billion, a P/E ratio of 19.40, a PEG ratio of 1.65 and a beta of 0.82. Progress Software has a 12-month low of $23.82 and a 12-month high of $47.37. The stock's 50 day simple moving average is $42.06 and its 200-day simple moving average is $35.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.55.

Progress Software (NASDAQ:PRGS - Get Free Report) last posted its earnings results on Wednesday, September 30th. The software maker reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). Progress Software had a return on equity of 43.07% and a net margin of 8.87%.Progress Software has set its Q4 2026 guidance at 1.240-1.330 EPS and its FY 2026 guidance at 6.150-6.230 EPS. As a group, equities analysts predict that Progress Software will post 4.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on PRGS shares. Guggenheim restated a "buy" rating and issued a $83.00 price objective on shares of Progress Software in a research report on Wednesday, July 1st. Weiss Ratings raised shares of Progress Software from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Jefferies Financial Group raised shares of Progress Software to a "hold" rating in a report on Friday, September 25th. Oppenheimer dropped their price objective on shares of Progress Software from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Wednesday, July 1st. Finally, DA Davidson upped their target price on shares of Progress Software from $45.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.17.

About Progress Software

Progress Software Corporation NASDAQ: PRGS develops enterprise software designed to help organizations build, deploy, manage and secure business applications and digital services. Its portfolio supports application development, data connectivity, integration, file transfer, application performance monitoring and network management across cloud, hybrid and on-premises environments.

The company's products and brands include OpenEdge for developing and deploying business applications; DataDirect for data connectivity; MOVEit for managed file transfer; WhatsUp Gold and Flowmon for network monitoring and visibility; Chef for infrastructure and application automation; Sitefinity for digital experience management; and Telerik and Kendo UI for user interface and development tools.

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