Progress Software program PRGS is about to report f
Progress Software program PRGS is about to report first-quarter fiscal 2021 outcomes on Mar 25.
For the quarter, revenues are anticipated between $119 million and $123 million. Earnings are anticipated within the 72-76 cents per share vary.
The Zacks Consensus Estimate for first-quarter earnings stayed at 75 cents per share over the previous 30 days and signifies 1.3% decline from the earlier quarter’s reported determine.
The consensus mark for revenues is pegged at $121.eight million, indicating a rise of seven.1% from the earlier quarter’s reported determine.
Progress Software program Company Value and EPS Shock
Progress Software program Company price-eps-surprise | Progress Software program Company Quote
Notably, Progress Software program beat the Zacks Consensus Estimate up to now three quarters, lacking it in the remaining, delivering an earnings shock of 6.2%, on common.
Let’s see how issues have formed up for this announcement.
Components to Contemplate
Progress Software program’s fiscal first-quarter outcomes are anticipated to have benefited from the acquisition of Chef. Nonetheless, revenues from DataDirect resolution are anticipated to have remained subdued within the to-be-reported quarter.
Nonetheless, Progress Software program’s sturdy companion base has been a key catalyst. Its partnership with Ingram Micro has expanded its footprint into the Iberian Peninsula, together with Spain and Portugal, in addition to in the UK and the Center East.
Furthermore, increasing portfolio is anticipated to have pushed top-line development. Availability of newest variations of Progress Telerik and Kendo UI options is more likely to have pushed the highest line. The corporate additionally launched AWS Fast Begin for Progress OpenEdge.
What Our Mannequin Says
Per the Zacks mannequin, the mix of a optimistic Earnings ESP and a Zacks Rank #1 (Robust Purchase), 2 (Purchase) or 3 (Maintain) will increase the percentages of an earnings beat. However that’s not the case right here.
Progress Software program has an Earnings ESP of 0.00% and a Zacks Rank #3 (Maintain). You’ll be able to uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Shares to Contemplate
Listed below are a couple of firms price contemplating as our mannequin exhibits that these have the best mixture of components to beat on earnings of their upcoming releases:
Akamai AKAM has an Earnings ESP of +1.38% and a Zacks Rank #3. You’ll be able to see the whole checklist of as we speak’s Zacks #1 Rank shares right here.
Sequans Communications SQNS has an Earnings ESP of +16.18% and is #Three Ranked.
Twitter TWTR has an Earnings ESP of +26.39% and is Zacks #Three Ranked.
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Final 12 months, it generated $24 billion in international revenues. By 2020, it is predicted to blast via the roof to $77.6 billion. Famed investor Mark Cuban says it would produce “the world’s first trillionaires,” however that ought to nonetheless go away loads of cash for normal traders who make the best trades early.
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