Progress Software (NASDAQ:PRGS) Releases Q4 2026 Earnings Guidance

Progress Software (NASDAQ:PRGS) issued an update on its fourth quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.240-1.330 for the period, compared to the consensus earnings per share estimate of 1.370. The company issued revenue guidance of $297.0 million-$305.0 million, compared to the consensus revenue estimate of $257.4 million. Progress Software also updated its FY 2026 guidance to 6.150-6.230 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PRGS shares. Oppenheimer dropped their price objective on shares of Progress Software from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. Weiss Ratings raised Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Guggenheim reiterated a “buy” rating and issued a $83.00 target price on shares of Progress Software in a research report on Wednesday, July 1st. Jefferies Financial Group raised Progress Software to a “hold” rating in a research note on Friday, September 25th. Finally, DA Davidson raised their price target on Progress Software from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.17.

Progress Software Price Performance

PRGS stock traded up $0.53 during trading on Wednesday, hitting $39.97. 1,145,028 shares of the company’s stock traded hands, compared to its average volume of 844,552. Progress Software has a 52 week low of $23.82 and a 52 week high of $47.37. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day simple moving average of $42.06 and a 200 day simple moving average of $35.05. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.65 and a beta of 0.82.

Progress Software (NASDAQ:PRGS) last announced its earnings results on Tuesday, June 30th. The software maker reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.16. The firm had revenue of $253.47 million for the quarter, compared to analysts’ expectations of $242.74 million. Progress Software had a net margin of 8.87% and a return on equity of 43.07%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. As a group, research analysts expect that Progress Software will post 4.77 EPS for the current fiscal year.

Key Headlines Impacting Progress Software

Here are the key news stories impacting Progress Software this week:

• Positive Sentiment: Progress raised its fiscal 2026 adjusted EPS guidance to $6.15–$6.23, above the $5.90 analyst consensus. Fiscal-year revenue guidance of approximately $1.044–$1.052 billion is also consistent with or slightly above expectations. Progress Software Reports Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: Fiscal third-quarter GAAP net income increased 17% year over year to $22.8 million, while operating income rose 6% to $46.6 million. Operating margin expanded to 19%, and operating cash flow climbed 20% to $88 million.
• Positive Sentiment: The company launched new Progress Domo Magic ETL capabilities focused on data-pipeline visibility, governed artificial intelligence and auditable automation, supporting its strategy to build an AI infrastructure software platform. Progress Software Advances Domo Magic ETL and Expands Governed AI Capabilities
• Neutral Sentiment: The Domo AI and Data Platform acquisition closed during the quarter, adding new capabilities but also increasing integration demands and execution risk.
• Negative Sentiment: Third-quarter revenue fell 2% year over year to $246 million, while annualized recurring revenue rose only 1% on a constant-currency basis, indicating limited near-term growth momentum.
• Negative Sentiment: Reported EPS of $1.38 missed the $1.52 consensus estimate by $0.14. Fourth-quarter EPS guidance of $1.24–$1.33 is below the $1.37 consensus, even though revenue guidance of $297–$305 million is well above expectations.
• Negative Sentiment: Insider activity has been unfavorable, with eight reported insider sales and no purchases during the past six months. Progress Software Q3 Revenue Falls 2% to $246 Million

Progress Software Company Profile

Progress Software Corporation (NASDAQ: PRGS) develops enterprise software designed to help organizations build, deploy, manage and secure business applications and digital services. Its portfolio supports application development, data connectivity, integration, file transfer, application performance monitoring and network management across cloud, hybrid and on-premises environments.

The company’s products and brands include OpenEdge for developing and deploying business applications; DataDirect for data connectivity; MOVEit for managed file transfer; WhatsUp Gold and Flowmon for network monitoring and visibility; Chef for infrastructure and application automation; Sitefinity for digital experience management; and Telerik and Kendo UI for user interface and development tools.