PRGS Earnings

PRGS reported its earnings on 2026-01-20, showcasing a revenue of 252.67M against an estimate of 252.68M, resulting in a -0.01% surprise. The EPS was 1.51, surpassing the expected 1.31 by 15.27%. The stock experienced a 10.62% price change on the earnings day and a 11.11% change over the next five days, reflecting market reactions to the results.

Following PRGS's earnings announcement on 2026-01-20, the stock price moved by 10.62% on the day of the release. Over the subsequent five days, it saw a 11.11% change. Historically, PRGS's stock price tends to shift by an average of 2.2% in the 10 days leading up to earnings and 1.72% in the 10 days following, providing insight into potential market.

For 2026/Q2, analysts estimate PRGS's annual revenue to reach 241.40M, while the EPS is projected at 1.38. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between PRGS's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, PRGS's stock price typically moves by 2.2% in the 10 days before its earnings and 1.72% in the 10 days after. For the upcoming 2026/Q2 earnings, analysts expect an EPS of 1.38 and revenue of 241.40M.

The earnings call shows strong financial performance with a 4% revenue increase, a 22% EPS rise, and improved operating margins. Despite some SaaS revenue issues, management's optimistic guidance and focus on AI investments are promising. The share repurchase plan and significant debt repayment further enhance financial health. The Q&A reveals some challenges, but overall sentiment remains positive, with a market cap suggesting moderate stock price sensitivity. Therefore, the stock is likely to see a positive movement of 2% to 8% in the next two weeks.