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

Progress Software (NASDAQ:PRGS) updated its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.240-1.330 for the period, compared to the consensus earnings per share 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 recently weighed in on PRGS shares. 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 raised shares of Progress Software to a “hold” rating in a research report on Friday, September 25th. Oppenheimer reduced their price objective on shares of Progress Software from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. DA Davidson boosted their target price on shares of Progress Software from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Guggenheim restated a “buy” rating and issued a $83.00 price target on shares of Progress Software in a research note on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.17.

Progress Software Stock Up 1.3%

Shares of NASDAQ:PRGS opened at $39.97 on Thursday. The firm has a 50 day simple moving average of $42.10 and a 200-day simple moving average of $35.08. Progress Software has a twelve month low of $23.82 and a twelve month high of $47.37. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $1.64 billion, a PE ratio of 19.40, a P/E/G ratio of 1.66 and a beta of 0.82.

Progress Software (NASDAQ:PRGS) last announced its quarterly earnings results on Tuesday, June 30th. The software maker reported $1.62 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $242.74 million. During the same period last year, the business earned $1.40 EPS. Progress Software’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts predict that Progress Software will post 4.77 EPS for the current fiscal year.

Trending Headlines about Progress Software

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

• Positive Sentiment: Progress reported fiscal Q3 adjusted EPS of $1.69, exceeding the $1.49 Zacks consensus and rising from $1.50 a year earlier. GAAP EPS increased 25% to $0.55, while operating cash flow rose 20% to $88 million. Progress Software Beats Q3 Earnings Estimates
• Positive Sentiment: The company raised its fiscal 2026 adjusted EPS outlook to $6.15-$6.23, broadly in line with the $6.18 FactSet estimate and above some prior consensus figures. Fiscal-year revenue guidance is $1.044-$1.052 billion, with the Domo AI and Data Platform acquisition contributing to the outlook. Progress Software Fiscal 2026 Guidance
• Positive Sentiment: Progress highlighted expanded AI and data-platform capabilities following the Domo acquisition, including upgrades to Domo Magic ETL designed to improve governed data pipelines and auditable AI automation. Progress Domo Product Release

Progress Software Company Profile

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.