Q2 Earnings Forecast for Progress Software Issued By Wedbush

Progress Software Co. (NASDAQ:PRGS) – Wedbush upped their Q2 2025 earnings estimates for Progress Software in a research report issued to clients and investors on Tuesday, April 1st. Wedbush analyst D. Ives now expects that the software maker will post earnings of $1.01 per share for the quarter, up from their prior estimate of $0.83. Wedbush currently has a “Outperform” rating and a $75.00 target price on the stock. The consensus estimate for Progress Software’s current full-year earnings is $4.01 per share. Wedbush also issued estimates for Progress Software’s Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $4.21 EPS, FY2025 earnings at $4.21 EPS, Q1 2026 earnings at $1.28 EPS, Q1 2026 earnings at $1.28 EPS, Q2 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.15 EPS, FY2026 earnings at $4.84 EPS and FY2026 earnings at $4.84 EPS.

Progress Software (NASDAQ:PRGS) last released its earnings results on Monday, March 31st. The software maker reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.27. Progress Software had a return on equity of 41.56% and a net margin of 9.08%. The firm had revenue of $238.02 million during the quarter, compared to the consensus estimate of $235.64 million. During the same period in the prior year, the company posted $1.25 EPS. The company’s revenue was up 28.9% compared to the same quarter last year.

A number of other brokerages also recently weighed in on PRGS. Guggenheim reaffirmed a “buy” rating and set a $83.00 price target on shares of Progress Software in a report on Tuesday. Citigroup raised their target price on Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, January 17th. StockNews.com cut Progress Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $75.00 price objective on shares of Progress Software in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group lifted their target price on Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Progress Software presently has an average rating of “Moderate Buy” and a consensus price target of $75.17.

Progress Software Trading Down 3.1 %

Shares of Progress Software stock opened at $56.17 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.48. Progress Software has a 12-month low of $48.00 and a 12-month high of $70.56. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 2.82 and a beta of 0.88. The firm’s 50-day moving average price is $55.89 and its two-hundred day moving average price is $62.02.

Insiders Place Their Bets

In other news, CAO Domenic Lococo sold 1,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $56.24, for a total transaction of $56,240.00. Following the sale, the chief accounting officer now directly owns 4,303 shares in the company, valued at approximately $242,000.72. The trade was a 18.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Anthony Folger sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $56.30, for a total value of $844,500.00. Following the completion of the transaction, the chief financial officer now directly owns 44,564 shares of the company’s stock, valued at $2,508,953.20. This represents a 25.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,482 shares of company stock valued at $984,621 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Progress Software

A number of hedge funds have recently modified their holdings of PRGS. Bessemer Group Inc. raised its position in Progress Software by 149.5% during the 4th quarter. Bessemer Group Inc. now owns 494 shares of the software maker’s stock worth $33,000 after purchasing an additional 296 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Progress Software in the fourth quarter valued at about $33,000. Smartleaf Asset Management LLC raised its position in shares of Progress Software by 893.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 765 shares of the software maker’s stock worth $50,000 after acquiring an additional 688 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Progress Software by 55.4% in the fourth quarter. GAMMA Investing LLC now owns 1,736 shares of the software maker’s stock worth $113,000 after acquiring an additional 619 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in Progress Software by 19.3% in the third quarter. TD Private Client Wealth LLC now owns 1,863 shares of the software maker’s stock valued at $126,000 after acquiring an additional 301 shares during the last quarter.

About Progress Software

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.