For the quarter ended August 2024, Progress Software program (PRGS) reported income of $178.69 million, up 1.7% over the identical interval final 12 months. EPS got here in at $1.26, in comparison with $1.08 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $175.75 million, representing a shock of +1.67%. The corporate delivered an EPS shock of +10.53%, with the consensus EPS estimate being $1.14.
Whereas buyers carefully watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Avenue expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers mission a inventory’s worth efficiency extra precisely.
Right here is how Progress Software program carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Income- Providers: $17.75 million versus the three-analyst common estimate of $18.67 million. The reported quantity represents a year-over-year change of -8%.
- Income- Upkeep: $103.09 million in comparison with the $103.43 million common estimate based mostly on three analysts. The reported quantity represents a change of -2% 12 months over 12 months.
- Income- Upkeep and companies: $120.84 million versus $122.10 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -2.9% change.
- Income- Software program licenses: $57.85 million versus $54.07 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +14.5% change.
View all Key Company Metrics for Progress Software here>>>
Shares of Progress Software program have returned -0.9% over the previous month versus the Zacks S&P 500 composite’s +1.7% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out in step with the broader market within the close to time period.
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