Progress Software (PRGS) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Progress Software is set to announce its Q3 2025 earnings on September 23, with analysts expecting earnings of $1.31 per share and revenue of $240.1 million.
• The company's stock has decreased by 1.2% and currently trades at $41.43, with a market cap of $1.79 billion and significant fluctuations noted over the past year.
• Recent analyst ratings show a consensus of Moderate Buy with a target price of $73.33, although some analysts have lowered their price objectives amid mixed outlooks.

Progress Software (NASDAQ:PRGS - Get Free Report) will likely be announcing its Q3 2025 results before the market opens on Tuesday, September 23rd. Analysts expect the company to announce earnings of $1.31 per share and revenue of $240.1060 million for the quarter. Progress Software has set its FY 2025 guidance at 5.280-5.400 EPS. Q3 2025 guidance at 1.280-1.340 EPS.Investors may visit the the company's upcoming Q3 2025 earningresults page for the latest details on the call scheduled for Monday, September 29, 2025 at 5:00 PM ET.

Progress Software (NASDAQ:PRGS - Get Free Report) last released its earnings results on Monday, June 30th. The software maker reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. The business had revenue of $237.36 million for the quarter, compared to analysts' expectations of $237.23 million. Progress Software had a return on equity of 43.72% and a net margin of 6.63%.The firm's revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. On average, analysts expect Progress Software to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Progress Software Stock Down 1.2%

PRGS opened at $41.43 on Tuesday. The stock has a market cap of $1.79 billion, a PE ratio of 31.63, a P/E/G ratio of 1.98 and a beta of 0.68. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.43. Progress Software has a 52 week low of $41.37 and a 52 week high of $70.56. The business's fifty day simple moving average is $46.33 and its 200 day simple moving average is $54.53.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PRGS shares. Jefferies Financial Group reaffirmed a "hold" rating on shares of Progress Software in a research note on Friday, June 27th. DA Davidson raised their price objective on Progress Software from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Wedbush reaffirmed an "outperform" rating and set a $75.00 price objective on shares of Progress Software in a research note on Friday, June 27th. Citigroup reduced their price objective on Progress Software from $64.00 to $57.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Finally, Wall Street Zen cut Progress Software from a "buy" rating to a "hold" rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $73.33.

Insiders Place Their Bets

In other Progress Software news, Director David Krall bought 5,125 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was acquired at an average price of $48.90 per share, with a total value of $250,612.50. Following the completion of the purchase, the director owned 100,090 shares of the company's stock, valued at approximately $4,894,401. This trade represents a 5.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rainer Gawlick bought 1,710 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were acquired at an average cost of $43.48 per share, with a total value of $74,350.80. Following the purchase, the director directly owned 55,544 shares of the company's stock, valued at approximately $2,415,053.12. This represents a 3.18% increase in their position. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Progress Software

A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Progress Software by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 675,946 shares of the software maker's stock valued at $43,152,000 after purchasing an additional 3,261 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Progress Software by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 560,943 shares of the software maker's stock valued at $28,894,000 after purchasing an additional 241,515 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Progress Software by 5.5% during the second quarter. Public Sector Pension Investment Board now owns 166,241 shares of the software maker's stock valued at $10,613,000 after purchasing an additional 8,601 shares in the last quarter. Amundi increased its stake in shares of Progress Software by 640.7% during the second quarter. Amundi now owns 155,526 shares of the software maker's stock valued at $9,929,000 after purchasing an additional 134,528 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Progress Software during the second quarter valued at approximately $9,337,000.

Progress Software Company Profile

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.

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