Investing.com – Progress (NASDAQ: PRGS) reported fourth-quarter EPS of $1.12, beating analyst estimates of $1.09 by $0.03. Earnings for the quarter were $157.1 million compared to consensus expectations of $161.59 million.
guidance
The progress is $1.04 to $1.08 for Q1 2023 EPS compared to $1.05 for analyst consensus.
Progress is on earnings for the first quarter of 2023 between $156 million and $160 million, while analyst consensus is $152 million.
With progress, we expect 2023 EPS to go from $4.09 to $4.17, with analyst consensus at $4.09.
With progress, revenue for fiscal 2023 is between $671 million and $681 million, compared to analyst consensus of $614 million.
Progress shares closed at $53.50. It has increased by 15.45% over the last 3 months and increased by 17.84% over the last 12 months.
In the last 90 days, there was 1 positive EPS adjustment and 0 negative EPS adjustments. See the historical stock price reaction to Progress’s performance here.
Progress’s Financial Health score is “outstanding performance,” according to InvestingPro.
Click here for Progress and Progress financial information.
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