Progress Software (PRGS) Projected to Announce Quarterly Earnings on Wednesday

Key Points

• Progress Software is expected to report Q3 2026 results after the market closes on September 30. Analysts forecast earnings of $1.52 per share on $246.7 million in revenue, compared with company guidance of $1.53–$1.59 EPS.
• The company exceeded expectations in its most recent quarter, reporting $1.62 EPS and $253.47 million in revenue, with revenue up 6.8% year over year.
• Analyst sentiment is positive, with five Buy ratings and two Hold ratings producing a “Moderate Buy” consensus and an average price target of $52.17, versus a recent share price of $40.62.

Progress Software (NASDAQ:PRGS - Get Free Report) is expected to issue its Q3 2026 results after the market closes on Wednesday, September 30th. Analysts expect the company to post earnings of $1.52 per share and revenue of $246.7160 million for the quarter. Progress Software has set its FY 2026 guidance at 6.090-6.210 EPS and its Q3 2026 guidance at 1.530-1.590 EPS. Investors may visit the the company's upcoming Q3 2026 earning results page for the latest details on the call scheduled for Wednesday, September 30, 2026 at 5:00 PM ET.

Progress Software (NASDAQ:PRGS - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The software maker reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.16. The business had revenue of $253.47 million during the quarter, compared to the consensus estimate of $242.74 million. Progress Software had a net margin of 8.87% and a return on equity of 43.07%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 earnings per share. On average, analysts expect Progress Software to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Progress Software Stock Performance

Shares of PRGS opened at $40.62 on Wednesday. Progress Software has a 1 year low of $23.82 and a 1 year high of $47.37. The company's 50 day simple moving average is $42.04 and its 200 day simple moving average is $35.00. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.70 and a beta of 0.82. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.81 and a current ratio of 0.81.

Analyst Ratings Changes

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

Insider Buying and Selling at Progress Software

In other news, EVP Sundar Subramanian sold 10,597 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $38.27, for a total transaction of $405,547.19. Following the completion of the sale, the executive vice president directly owned 18,370 shares in the company, valued at $703,019.90. This represents a 36.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.