Progress Software (NASDAQ:PRGS) Releases Q1 2026 Earnings Guidance

Progress Software (NASDAQ:PRGS) issued an update on its first quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.56-1.62 for the period, compared to the consensus earnings per share estimate of 1.300. The company issued revenue guidance of $244.0 million-$250.0 million, compared to the consensus revenue estimate of $243.6 million. Progress Software also updated its FY 2026 guidance to 1.74-1.910 EPS.

Progress Software Price Performance

Shares of NASDAQ PRGS traded down $1.49 during midday trading on Tuesday, reaching $38.60. The company’s stock had a trading volume of 952,724 shares, compared to its average volume of 644,868. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $1.66 billion, a P/E ratio of 35.09, a P/E/G ratio of 1.76 and a beta of 0.61. The business’s 50 day moving average price is $42.35 and its two-hundred day moving average price is $44.38. Progress Software has a fifty-two week low of $38.54 and a fifty-two week high of $65.50.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings data on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.86 million. Progress Software had a return on equity of 43.68% and a net margin of 5.16%.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. On average, analysts forecast that Progress Software will post 4.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DA Davidson reduced their price objective on shares of Progress Software from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Jefferies Financial Group reduced their price target on shares of Progress Software from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, January 5th. Weiss Ratings cut shares of Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Wall Street Zen upgraded Progress Software from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Citigroup reduced their target price on Progress Software from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.40.

Progress Software News Summary

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

• Positive Sentiment: Company issued Q1 FY26 EPS guidance of $1.56–$1.62, above consensus (about $1.30), signaling stronger near-term profit expectations that underpinned upbeat analyst commentary. Progress Software Stock Climbs After Mixed Q4 Results, Strong FY26 Guidance
• Positive Sentiment: Full-year FY26 revenue guide of $986M–$1.0B is roughly in line with street expectations, giving investors revenue visibility for the year. Progress Software Reports Fiscal Fourth Quarter 2025 and Full Year Results
• Neutral Sentiment: Q4 revenue came in around $252.7–$253.0M (≈+17.5% YoY), essentially in line with estimates, and operating cash flow improved materially — a sign of improving business fundamentals. Progress Software Releases Q4 2025 Earnings: Revenue Growth but EPS Miss
• Neutral Sentiment: Headline EPS reporting is inconsistent across outlets (company/adjusted vs some third‑party figures), which likely generated investor confusion about the magnitude of the earnings beat/miss. Progress Q4 Press Release / Slide Deck
• Negative Sentiment: Balance-sheet and liquidity metrics may concern investors: low quick/current ratios (~0.44) and relatively high leverage (debt/equity ~2.22) increase sensitivity to execution risks and could limit investor enthusiasm despite revenue growth. MarketBeat PRGS Snapshot
• Negative Sentiment: Some outlets flagged an EPS miss on certain GAAP figures, and that mixed/messy headline may have trimmed upside even though underlying margins and cash flow improved. Progress Software Reports Fiscal Fourth Quarter and Full Year 2025 Financial Results

Hedge Funds Weigh In On Progress Software

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in shares of Progress Software by 183.0% during the second quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock valued at $62,000 after purchasing an additional 637 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Progress Software by 135.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock valued at $54,000 after buying an additional 604 shares during the last quarter. State of Wyoming acquired a new stake in Progress Software during the 2nd quarter worth approximately $137,000. iSAM Funds UK Ltd bought a new stake in Progress Software during the 3rd quarter worth approximately $102,000. Finally, Vident Advisory LLC bought a new stake in Progress Software during the 2nd quarter worth approximately $219,000.

About Progress Software

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.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.