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/Q1, analysts estimate PRGS's annual revenue to reach 243.59M, while the EPS is projected at 1.41. 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/Q1 earnings, analysts expect an EPS of 1.41 and revenue of 243.59M.

The earnings call reveals strong financial performance, with revenue and EPS exceeding guidance and record high revenue. Despite modest ARR growth and economic uncertainties, the optimistic guidance and robust shareholder return plan with significant share repurchases are positive indicators. The Q&A section highlights management's confidence in AI integration and future growth. The company has a small-cap market cap, suggesting a potential stronger reaction to positive news. Thus, a positive stock price movement of 2% to 8% is expected over the next two weeks.