Gear Up for Progress Software (PRGS) Q4 Earnings: Wall Street Estimates for Key Metrics

Wall Street analysts forecast that Progress Software (PRGS) will report quarterly earnings of $1.21 per share in its upcoming release, pointing to a year-over-year increase of 18.6%. It is anticipated that revenues will amount to $211.34 million, exhibiting an increase of 19.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.With that in mind, let's delve into the average projections of some Progress Software metrics that are commonly tracked and projected by analysts on Wall Street.It is projected by analysts that the 'Revenue- Services' will reach $20.62 million. The estimate indicates a year-over-year change of +7.9%.The average prediction of analysts places 'Revenue- Maintenance' at $117.04 million. The estimate suggests a change of +15.2% year over year.Analysts forecast 'Revenue- Maintenance and services' to reach $137.69 million. The estimate suggests a change of +14.1% year over year.Analysts expect 'Revenue- Software licenses' to come in at $74.23 million. The estimate points to a change of +31.9% from the year-ago quarter.View all Key Company Metrics for Progress Software here>>>Over the past month, Progress Software shares have recorded returns of -9.3% versus the Zacks S&P 500 composite's -3.3% change. Based on its Zacks Rank #3 (Hold), PRGS will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Progress Software Corporation (PRGS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks