Progress Software (NASDAQ:PRGS) Releases FY 2026 Earnings Guidance

Progress Software (NASDAQ:PRGS) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 6.150-6.230 for the period, compared to the consensus estimate of 5.900. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion. Progress Software also updated its Q4 2026 guidance to 1.240-1.330 EPS.

Progress Software Stock Up 1.3%

Progress Software stock traded up $0.53 during midday trading on Wednesday, reaching $39.97. The company’s stock had a trading volume of 1,145,028 shares, compared to its average volume of 844,552. The company has a market cap of $1.64 billion, a P/E ratio of 19.40, a P/E/G ratio of 1.65 and a beta of 0.82. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.55. The business has a 50-day simple moving average of $42.06 and a 200-day simple moving average of $35.05. Progress Software has a fifty-two week low of $23.82 and a fifty-two week high of $47.37.

Progress Software (NASDAQ:PRGS) last released its quarterly earnings data on Tuesday, June 30th. The software maker reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.16. Progress Software had a return on equity of 43.07% and a net margin of 8.87%.The business had revenue of $253.47 million for the quarter, compared to the consensus estimate of $242.74 million. During the same quarter in the prior year, the business posted $1.40 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, research analysts expect that Progress Software will post 4.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PRGS shares. Oppenheimer lowered their price target on Progress Software from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. Weiss Ratings raised shares of Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. DA Davidson boosted their price objective on shares of Progress Software from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Jefferies Financial Group upgraded shares of Progress Software to a “hold” rating in a report on Friday, September 25th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $83.00 target price on shares of Progress Software in a research report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Progress Software has an average rating of “Moderate Buy” and a consensus target price of $52.17.

Trending Headlines about Progress Software

Here are the key news stories impacting Progress Software this week:

• Positive Sentiment: Progress raised its fiscal 2026 adjusted EPS guidance to $6.15–$6.23, above the $5.90 analyst consensus. Fiscal-year revenue guidance of approximately $1.044–$1.052 billion is also consistent with or slightly above expectations. Progress Software Reports Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: Fiscal third-quarter GAAP net income increased 17% year over year to $22.8 million, while operating income rose 6% to $46.6 million. Operating margin expanded to 19%, and operating cash flow climbed 20% to $88 million.
• Positive Sentiment: The company launched new Progress Domo Magic ETL capabilities focused on data-pipeline visibility, governed artificial intelligence and auditable automation, supporting its strategy to build an AI infrastructure software platform. Progress Software Advances Domo Magic ETL and Expands Governed AI Capabilities
• Neutral Sentiment: The Domo AI and Data Platform acquisition closed during the quarter, adding new capabilities but also increasing integration demands and execution risk.
• Negative Sentiment: Third-quarter revenue fell 2% year over year to $246 million, while annualized recurring revenue rose only 1% on a constant-currency basis, indicating limited near-term growth momentum.
• Negative Sentiment: Reported EPS of $1.38 missed the $1.52 consensus estimate by $0.14. Fourth-quarter EPS guidance of $1.24–$1.33 is below the $1.37 consensus, even though revenue guidance of $297–$305 million is well above expectations.
• Negative Sentiment: Insider activity has been unfavorable, with eight reported insider sales and no purchases during the past six months. Progress Software Q3 Revenue Falls 2% to $246 Million

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.