For the quarter ended February 2025, Progress Software (PRGS) reported revenue of $238.02 million, up 28.9% over the same period last year. EPS came in at $1.31, compared to $1.25 in the year-ago quarter.
The reported revenue represents a surprise of +0.92% over the Zacks Consensus Estimate of $235.85 million. With the consensus EPS estimate being $1.04, the EPS surprise was +25.96%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Progress Software performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Services: $80.04 million versus the three-analyst average estimate of $54.18 million. The reported number represents a year-over-year change of +331.2%.
- Revenue- Maintenance: $99.54 million versus $107.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.4% change.
- Revenue- Maintenance and services: $179.57 million versus $162.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +48.9% change.
- Revenue- Software licenses: $58.45 million compared to the $73.37 million average estimate based on three analysts. The reported number represents a change of -8.8% year over year.
View all Key Company Metrics for Progress Software here>>>
Shares of Progress Software have returned -6% over the past month versus the Zacks S&P 500 composite's -6.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Progress Software Corporation (PRGS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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