Progress Software beats earnings and revenue estimates, but outlook is unfavorable, leading to a sell rating.

From Nasdaq: 2025-01-21 17:25:05

Progress Software (PRGS) reported earnings of $1.33 per share, exceeding expectations and showing growth from $1.02 per share last year. The company has beaten consensus EPS estimates in the last four quarters and posted revenues of $214.96 million, surpassing estimates by 1.71%. However, the stock has lost 3.4% year-to-date.

Looking ahead, the company’s earnings outlook is unfavorable, leading to a Zacks Rank #4 (Sell). Analysts expect earnings of $1.44 per share for the next quarter and $5.67 for the fiscal year. The industry’s performance will also impact the stock’s movement, with Computer – Software currently ranking in the bottom 38% of Zacks industries.

Microsoft (MSFT) is another key player in the industry, expected to report quarterly earnings of $3.13 per share, up 6.8% year-over-year, with revenues projected at $68.75 billion. Investors should carefully consider these factors before deciding to invest in Progress Software Corporation (PRGS) or other industry competitors like Microsoft.



Read more at Nasdaq: Progress Software (PRGS) Beats Q4 Earnings and Revenue Estimates