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

20 Jan 2026, 23:12 by Michael Walen · The Markets Daily

Progress Software (NASDAQ:PRGS – Get Free Report) updated its first quarter 2026 earnings guidance on Tuesday. 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 Trading Down 3.7%

NASDAQ:PRGS traded down $1.49 during trading hours on Tuesday, hitting $38.60. 952,724 shares of the company were exchanged, compared to its average volume of 644,868. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 1.76 and a beta of 0.61. Progress Software has a one year low of $38.54 and a one year high of $65.50. The company has a fifty day simple moving average of $42.35 and a 200 day simple moving average of $44.38. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.22.

Progress Software (NASDAQ:PRGS – Get Free Report) last released its quarterly earnings results on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, beating 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. Sell-side analysts expect that Progress Software will post 4.01 EPS for the current fiscal year.

Analysts Set New Price Targets

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

View Our Latest Research Report on PRGS

Key Stories Impacting Progress Software

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

Institutional Trading of Progress Software

A number of hedge funds and other institutional investors have recently bought and sold shares of PRGS. Advisors Asset Management Inc. grew its position 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 worth $54,000 after purchasing an additional 604 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Progress Software by 183.0% in the 2nd quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock worth $62,000 after buying an additional 637 shares during the last quarter. iSAM Funds UK Ltd bought a new position in shares of Progress Software in the third quarter valued at approximately $102,000. State of Wyoming purchased a new stake in shares of Progress Software during the second quarter valued at approximately $137,000. Finally, CIBC Bancorp USA Inc. bought a new stake in Progress Software during the third quarter worth $201,000.

About Progress Software

(Get Free Report)

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.