The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Progress Software's revenues will shrink -30.8% and EPS will compress -17.9%.
The average estimate for revenue is $86.1 million. On the bottom line, the average EPS estimate is $0.23.
Last quarter, Progress Software booked revenue of $121.7 million. GAAP reported sales were 92% lower than the prior-year quarter's -$25.7 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 $0.23. GAAP EPS of $0.57 for Q4 were 217% higher than the prior-year quarter's $0.18 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 -588.7%, much worse than the prior-year quarter. Operating margin was -1138.4%, much worse than the prior-year quarter. Net margin was -1844.6%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $344.9 million. The average EPS estimate is $1.26.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 45 members out of 53 rating the stock outperform, and eight members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 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 $24.07.
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