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July 1, 2025

Progress Software (NASDAQ: PRGS) Exceeds Q2 Expectations, Issues Positive Q3 Guidance

Progress Software Corp. (NASDAQ: PRGS) reported better-than-expected earnings for the second quarter of fiscal 2025, underscoring its resilience in the application development and digital experience landscapes.


Q2 Snapshot: Earnings Beat, Steady Revenue

  • Earnings Per Share (EPS): $1.40 (vs. $1.30 estimate)

  • Revenue: $237 million (in line with the consensus at $237.53 million)

Despite revenue slightly missing consensus expectations, the earnings beat highlighted the companyโ€™s ability to enhance operating margins and manage expenses effectively.


Q3 2025 Guidance

Progress provided forward-looking guidance for Q3 EPS in the range of $1.28โ€“$1.34, compared to the analyst consensus of $1.30. This guidance indicates sustained strength in enterprise demand for low-code development tools and digital experience platforms.


Stock Performance

  • Last 3 Months: +10.09%

  • Last 12 Months: +19.22%

The company has experienced six positive EPS revisions alongside just one negative over the past 90 days, signifying growing analyst confidence in its business prospects.


Relevant APIs for Monitoring Fundamentals & Revisions

To track companies like Progress that attract analyst attention and display consistent earnings performance, these APIs are highly beneficial:


Earnings Historical API

Access:

  • Past EPS and revenue performance data

  • History of beat/miss outcomes

  • Pre- and post-market movement trends

This tool is useful in tracking consistency in delivering unexpected earnings outcomes over time.


Up/Down Grades by Company API

Track:

  • Analyst upgrades and downgrades

  • Rating momentum

  • Impact of guidance on market sentiment

This powerful tool aids in evaluating how the market interprets updated outlooks.


Bottom Line

Progress Softwareโ€™s solid earnings beat and stable guidance showcase its consistent execution amidst a volatile tech space. With improving analyst sentiment and a healthy stock return over the past year, PRGS is capturing investor attention for all the right reasons.

For earnings-focused investors, keeping a close watch on guidance trends and revision data is crucial. Progress is delivering compelling results on both fronts.


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