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 EPS 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 Performance

NASDAQ:PRGS traded up $0.53 on Wednesday, hitting $39.97. The stock had a trading volume of 1,122,597 shares, compared to its average volume of 841,539. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth 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’s 50-day simple moving average is $42.06 and its two-hundred day simple moving average is $35.05. Progress Software has a 52-week low of $23.82 and a 52-week high of $47.37.

Progress Software (NASDAQ:PRGS) last issued its quarterly earnings results on Wednesday, September 30th. The software maker reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). Progress Software had a return on equity of 43.07% and a net margin of 8.87%.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. As a group, research analysts predict that Progress Software will post 4.77 earnings per share for the current year.

Analyst Ratings Changes

PRGS has been the subject of a number of analyst reports. Weiss Ratings upgraded Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Jefferies Financial Group upgraded Progress Software to a “hold” rating in a research note on Friday, September 25th. Guggenheim reissued a “buy” rating and issued a $83.00 target price on shares of Progress Software in a report on Wednesday, July 1st. DA Davidson raised 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. Finally, Oppenheimer dropped their price objective on 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 issued a Hold rating to the company. According to MarketBeat, Progress Software presently has an average rating of “Moderate Buy” and an average price target of $52.17.

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.