Progress Software (PRGS) Expected to Post Earnings on Tuesday

Progress Software (NASDAQ:PRGS) is projected to post its Q2 2026 results after the market closes on Tuesday, June 30th. Analysts expect Progress Software to announce earnings of $1.49 per share and revenue of $242.7440 million for the quarter. Individuals may review the information on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Tuesday, June 30, 2026 at 5:00 PM ET.

Progress Software (NASDAQ:PRGS) last announced its quarterly earnings results on Monday, March 30th. The software maker reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. Progress Software had a net margin of 8.61% and a return on equity of 43.67%. The firm had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $246.40 million. During the same quarter last year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, analysts expect Progress Software to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Progress Software Stock Performance

Shares of PRGS opened at $27.66 on Tuesday. The company has a market cap of $1.16 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 1.27 and a beta of 0.83. The firm has a 50-day moving average of $29.65 and a 200-day moving average of $35.48. Progress Software has a one year low of $23.82 and a one year high of $65.50. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.47 and a quick ratio of 0.47.

Institutional Trading of Progress Software

A number of hedge funds have recently modified their holdings of PRGS. Kemnay Advisory Services Inc. bought a new stake in shares of Progress Software during the 4th quarter worth about $42,000. Osaic Holdings Inc. raised its holdings in Progress Software by 183.0% in the 2nd quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock valued at $62,000 after acquiring an additional 637 shares during the period. Advisors Asset Management Inc. raised its holdings in Progress Software by 135.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock valued at $54,000 after acquiring an additional 604 shares during the period. State of Wyoming acquired a new stake in Progress Software during the second quarter worth approximately $137,000. Finally, iSAM Funds UK Ltd acquired a new stake in Progress Software during the third quarter worth approximately $102,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PRGS. Oppenheimer cut their target price on shares of Progress Software from $70.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings downgraded Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th. Citigroup dropped their price objective on Progress Software from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. DA Davidson cut their price objective on Progress Software from $70.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Finally, Wedbush reduced their target price on Progress Software from $65.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Progress Software has a consensus rating of “Moderate Buy” and a consensus target price of $52.50.

Progress Software Company Profile

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.