Progress Software (PRGS) Projected to Post Earnings on Wednesday

Progress Software (NASDAQ:PRGS) is expected to be issuing its Q3 2026 results after the market closes on Wednesday, September 30th. Analysts expect Progress Software to announce earnings of $1.52 per share and revenue of $247.3260 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 review the information on the company’s upcoming Q3 2026 earning report for the latest details on the call scheduled for Wednesday, September 30, 2026 at 5:00 PM ET.

Progress Software (NASDAQ:PRGS) last issued its quarterly earnings data on Tuesday, June 30th. The software maker reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.16. Progress Software had a net margin of 8.87% and a return on equity of 43.07%. The firm had revenue of $253.47 million during the quarter, compared to analysts’ expectations of $242.74 million. During the same period in the prior year, the company posted $1.40 earnings per share. Progress Software’s revenue for the quarter was up 6.8% on a year-over-year basis. 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 $39.34 on Monday. The company has a market capitalization of $1.61 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.82. Progress Software has a one year low of $23.82 and a one year high of $47.37. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $42.06 and its 200 day moving average price is $35.02.

Analyst Ratings Changes

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

Insider Activity

In other Progress Software news, EVP Sundar Subramanian sold 10,597 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $38.27, for a total value of $405,547.19. Following the sale, the executive vice president owned 18,370 shares in the company, valued at approximately $703,019.90. The trade was a 36.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is owned by corporate 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.