Progress Software (NASDAQ:PRGS) Issues Q4 2026 Earnings Guidance

Progress Software (NASDAQ:PRGS) issued an update on its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.240-1.330 for the period, compared to the consensus estimate of 1.370. The company issued revenue guidance of $297.0 million-$305.0 million, compared to the consensus revenue estimate of $257.4 million. Progress Software also updated its FY 2026 guidance to 6.150-6.230 EPS.

Analyst Ratings Changes

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

Progress Software Trading Up 1.3%

Shares of NASDAQ:PRGS traded up $0.53 on Wednesday, hitting $39.97. The company had a trading volume of 1,122,597 shares, compared to its average volume of 841,539. The firm’s 50-day simple moving average is $42.06 and its two-hundred day simple moving average is $35.05. The firm has a market capitalization of $1.64 billion, a price-to-earnings 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. Progress Software has a 1 year low of $23.82 and a 1 year high of $47.37.

Progress Software (NASDAQ:PRGS) last announced its quarterly earnings results on Wednesday, September 30th. The software maker reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). Progress Software had a net margin of 8.87% and a return on equity of 43.07%. Progress Software has set its Q4 2026 guidance at 1.240-1.330 EPS and its FY 2026 guidance at 6.150-6.230 EPS. Equities analysts anticipate that Progress Software will post 4.77 earnings per share for the current fiscal year.

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.