Progress Software (NASDAQ:PRGS) Announces FY 2026 Earnings Guidance

Posted by Stanley Muller on Oct 1st, 2026

Progress Software (NASDAQ:PRGS – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.150-6.230 for the period, compared to the consensus earnings per share estimate of 5.900. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion. Progress Software also updated its Q4 2026 guidance to 1.240-1.330 EPS.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PRGS shares. Weiss Ratings raised Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Jefferies Financial Group raised shares of Progress Software to a “hold” rating in a research note on Friday, September 25th. Oppenheimer reduced their target price on shares of Progress Software from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Guggenheim reaffirmed a “buy” rating and set a $83.00 price target on shares of Progress Software in a research note on Wednesday, July 1st. Finally, DA Davidson boosted their price objective on shares of Progress Software from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.17.

Check Out Our Latest Analysis on Progress Software

Progress Software Stock Performance

NASDAQ PRGS opened at $39.97 on Thursday. The business’s 50-day moving average price is $42.10 and its 200 day moving average price is $35.08. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.55. Progress Software has a twelve month low of $23.82 and a twelve month high of $47.37. The company has a market capitalization of $1.64 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.66 and a beta of 0.82.

Progress Software (NASDAQ:PRGS – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The software maker reported $1.62 EPS for the quarter, beating the consensus estimate of $1.46 by $0.16. The company had revenue of $253.47 million during the quarter, compared to analysts’ expectations of $242.74 million. Progress Software had a return on equity of 43.07% and a net margin of 8.87%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. On average, research analysts predict that Progress Software will post 4.77 earnings per share for the current year.

Progress Software News Roundup

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

Positive Sentiment: Progress reported fiscal Q3 adjusted EPS of $1.69, exceeding the $1.49 Zacks consensus and rising from $1.50 a year earlier. GAAP EPS increased 25% to $0.55, while operating cash flow rose 20% to $88 million. Progress Software Beats Q3 Earnings Estimates
Positive Sentiment: The company raised its fiscal 2026 adjusted EPS outlook to $6.15-$6.23, broadly in line with the $6.18 FactSet estimate and above some prior consensus figures. Fiscal-year revenue guidance is $1.044-$1.052 billion, with the Domo AI and Data Platform acquisition contributing to the outlook. Progress Software Fiscal 2026 Guidance
Positive Sentiment: Progress highlighted expanded AI and data-platform capabilities following the Domo acquisition, including upgrades to Domo Magic ETL designed to improve governed data pipelines and auditable AI automation. Progress Domo Product Release

Progress Software Company Profile

(Get Free Report)

Progress Software Corporation (NASDAQ: PRGS) develops enterprise software designed to help organizations build, deploy, manage and secure business applications and digital services. Its portfolio supports application development, data connectivity, integration, file transfer, application performance monitoring and network management across cloud, hybrid and on-premises environments.

The company’s products and brands include OpenEdge for developing and deploying business applications; DataDirect for data connectivity; MOVEit for managed file transfer; WhatsUp Gold and Flowmon for network monitoring and visibility; Chef for infrastructure and application automation; Sitefinity for digital experience management; and Telerik and Kendo UI for user interface and development tools.