The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Progress Software's revenues will wane -11.7% and EPS will wither -22.6%.
The average estimate for revenue is $113.4 million. On the bottom line, the average EPS estimate is $0.24.
Last quarter, Progress Software notched revenue of $114.6 million. GAAP reported sales were 15% lower than the prior-year quarter's $134.7 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 $0.21. GAAP EPS were -$0.03 for Q2 compared to $0.26 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 80.7%, 280 basis points worse than the prior-year quarter. Operating margin was 4.1%, 1,700 basis points worse than the prior-year quarter. Net margin was -1.7%, 1,500 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $477.8 million. The average EPS estimate is $1.08.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 45 members out of 54 rating the stock outperform, and nine members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Progress Software a green thumbs-up, and four 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 $26.83.
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