Progress Software (PRGS) Expected to Announce Quarterly Earnings on Monday

28 Mar 2026, 01:20 by Doug Wharley · The Cerbat Gem

Progress Software (NASDAQ:PRGS – Get Free Report) will likely be announcing its Q1 2026 results after the market closes on Monday, March 30th. Analysts expect the company to announce earnings of $1.57 per share and revenue of $246.4010 million for the quarter. Progress Software has set its FY 2026 guidance at 1.74-1.910 EPS and its Q1 2026 guidance at 1.56-1.62 EPS. Individuals can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Monday, March 30, 2026 at 5:00 PM ET.

Progress Software (NASDAQ:PRGS – Get Free Report) last posted its earnings results on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.86 million. Progress Software had a return on equity of 43.90% and a net margin of 7.48%.Progress Software’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. On average, analysts expect Progress Software to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Progress Software Price Performance

Shares of PRGS stock opened at $27.67 on Friday. The stock’s fifty day simple moving average is $37.90 and its 200 day simple moving average is $41.29. Progress Software has a one year low of $26.85 and a one year high of $65.50. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.28 and a beta of 0.57. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.49 and a quick ratio of 0.49.

Insider Transactions at Progress Software

In other Progress Software news, EVP Sundar Subramanian sold 21,594 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $37.65, for a total value of $813,014.10. Following the completion of the transaction, the executive vice president directly owned 15,542 shares of the company’s stock, valued at approximately $585,156.30. The trade was a 58.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Anthony Folger sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $40.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer owned 48,802 shares in the company, valued at $1,952,080. The trade was a 10.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 30,546 shares of company stock valued at $1,171,546 over the last ninety days. 3.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in shares of Progress Software by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 39,639 shares of the software maker’s stock valued at $2,531,000 after buying an additional 333 shares during the period. Susquehanna Fundamental Investments LLC lifted its stake in shares of Progress Software by 0.9% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 48,522 shares of the software maker’s stock valued at $2,085,000 after acquiring an additional 450 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Progress Software by 1.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 48,215 shares of the software maker’s stock valued at $2,055,000 after acquiring an additional 601 shares during the last quarter. Advisors Asset Management Inc. increased its position in Progress Software by 135.1% in the first quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock worth $54,000 after purchasing an additional 604 shares during the period. Finally, Osaic Holdings Inc. increased its position in Progress Software by 183.0% in the second quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock worth $62,000 after purchasing an additional 637 shares during the period.

Analyst Ratings Changes

PRGS has been the topic of several recent analyst reports. Jefferies Financial Group reduced their target price on shares of Progress Software from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, January 5th. Wedbush cut their price target on shares of Progress Software from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Citigroup boosted their price target on shares of Progress Software from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings lowered shares of Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 13th. Finally, DA Davidson cut their target price on shares of Progress Software from $70.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Progress Software presently has a consensus rating of “Moderate Buy” and an average price target of $60.60.

Read Our Latest Research Report on PRGS

About Progress Software

(Get Free Report)

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.