Guggenheim Maintains Buy on Progress Software, Raises Price Target to $64
Guggenheim analyst John Healy maintains Progress Software (NASDAQ:PRGS) with a Buy and raises the price target from $60 to $64.
Prgoress Sees FY23 Non-GAAP Revenue $675M-$685M Vs $630.23M Est; FY23 Non-GAAP EPS $4.09-$4.17 Vs $4.35 Est; Sees Q1 2023 Non-GAAP Revenue $157M-$161M Vs $151.71M; Q1 2023 Non-GAAP EPS $1.04-$1.08 Vs $1.05 Est
2023 Business Outlook
Progress provides the following guidance for the fiscal year ending November 30, 2023 and the fiscal first quarter ending February 28, 2023, together with actual results for the same periods in the fiscal year ending November 30, 2022:
Progress Software Q4 EPS $1.12 Beats $1.09 Estimate, Sales $157.10M Miss $162.57M Estimate
Progress Software (NASDAQ:PRGS) reported quarterly earnings of $1.12 per share which beat the analyst consensus estimate of $1.09 by 2.75 percent. This is a 21.74 percent increase over earnings of $0.92 per share from
Earnings Scheduled For January 17, 2023
Companies Reporting Before The Bell
• Goldman Sachs Group (NYSE:GS) is projected to report quarterly earnings at $5.48 per share on revenue of $10.83 billion.
UniFirst, Progress Software And 3 Stocks To Watch Heading Into Wednesday
With US stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
Stocks That Hit 52-Week Lows On Thursday
During Thursday's session, 108 stocks hit new 52-week highs.
Stocks That Hit 52-Week Lows On Wednesday
Wednesday's session saw 361 companies set new 52-week lows.
Progress Software Q3 EPS $1.00 Beats $0.97 Estimate, Sales $151.20M Beat $148.32M Estimate
Progress Software (NASDAQ:PRGS) reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of $0.97 by 3.09 percent. This is a 15.25 percent decrease over earnings of $1.18 per share from
Earnings Scheduled For September 27, 2022
Companies Reporting Before The Bell
• Ferguson (NYSE:FERG) is projected to report quarterly earnings at $2.79 per share on revenue of $7.86 billion.
Earnings Preview: Progress Software
Progress Software (NASDAQ:PRGS) is set to give its latest quarterly earnings report on Tuesday, 2022-09-27. Here's what investors need to know before the announcement.
Analysts estimate that Progress Software will report an earnings per share (EPS) of $0.97.