Wall
Wall Road expects a year-over-year decline in earnings on greater revenues when Progress Software program (PRGS) studies outcomes for the quarter ended November 2019. Whereas this widely-known consensus outlook is vital in gauging the corporate’s earnings image, a strong issue that would influence its near-term inventory value is how the precise outcomes examine to those estimates.
The inventory would possibly transfer greater if these key numbers prime expectations within the upcoming earnings report. Then again, in the event that they miss, the inventory might transfer decrease.
Whereas the sustainability of the rapid value change and future earnings expectations will principally rely on administration’s dialogue of enterprise circumstances on the earnings call, it is price handicapping the likelihood of a constructive EPS shock.
Zacks Consensus Estimate
This enterprise software program maker is predicted to put up quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of -1.3%.
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