What Analyst Projections for Key Metrics Reveal About Progress Software (PRGS) Q3 Earnings

Wall Street analysts expect Progress Software (PRGS) to post quarterly earnings of $1.30 per share in its upcoming report, which indicates a year-over-year increase of 3.2%. Revenues are expected to be $240.35 million, up 34.5% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.Bearing this in mind, let's now explore the average estimates of specific Progress Software metrics that are commonly monitored and projected by Wall Street analysts.Based on the collective assessment of analysts, 'Revenue- Software licenses' should arrive at $65.52 million. The estimate indicates a year-over-year change of +13.3%.The average prediction of analysts places 'Revenue- Maintenance' at $107.45 million. The estimate points to a change of +4.2% from the year-ago quarter.Analysts' assessment points toward 'Revenue- Maintenance and services (Maintenance, SaaS and professional services)' reaching $174.20 million. The estimate suggests a change of +44.2% year over year. View all Key Company Metrics for Progress Software here>>> Shares of Progress Software have demonstrated returns of -9.7% over the past month compared to the Zacks S&P 500 composite's +3.1% change. With a Zacks Rank #3 (Hold), PRGS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Progress Software Corporation (PRGS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks