Progress Software (Nasdaq: PRGS ) is expected to report Q4 earnings on Jan. 3. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Progress Software's revenues will contract -15.8% and EPS will drop -2.9%.
The average estimate for revenue is $114.8 million. On the bottom line, the average EPS estimate is $0.33.
Last quarter, Progress Software booked revenue of $107.2 million. GAAP reported sales were 14% lower than the prior-year quarter's $124.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.31. GAAP EPS of $0.09 for Q3 were 31% lower than the prior-year quarter's $0.13 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 84.5%, 130 basis points better than the prior-year quarter. Operating margin was 15.7%, 310 basis points better than the prior-year quarter. Net margin was 5.4%, 190 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $459.7 million. The average EPS estimate is $1.10.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 48 members out of 56 rating the stock outperform, and eight members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Progress Software a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Progress Software is outperform, with an average price target of $24.86.
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