Progress Software Will Report Third Quarter Earnings Soon
Investors are watching whether the company meets revenue targets following a recent leadership change.
Updated on Sept. 23, 2026 in Public Companies
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Progress Software is scheduled to release its third quarter earnings on September 30, 2026. Analysts currently project the firm will report revenue of $247.14 million and earnings of $1.52 per share.
Why it matters
Operators monitor these results to gauge the stability and growth trajectory of the software provider, particularly as it integrates a new chief information officer appointed on August 18, 2026.
Progress Software shares closed at $40.62 on September 22, 2026, marking a 0.5% daily gain. Analysts from five firms have set price targets ranging from $34 to $83.
The players
Progress Software
A Burlington, Massachusetts-based enterprise software company that provides tools for application development and data connectivity.
Bridget Collins
The newly appointed chief information officer tasked with overseeing the company's technical infrastructure and IT strategy.
The details
Progress Software releases its financial performance data following the closing bell. These earnings reports serve as a critical check for investors to see if the company’s operating strategy aligns with the consensus estimates of $1.52 per share and $247.14 million in revenue. The market continues to evaluate the company's prospects following the recent appointment of Bridget Collins as chief information officer.
Timeline
March 31, 2026: Jefferies analyst maintained a Hold rating and a $34 price target.
April 1, 2026: Citigroup analyst maintained a Buy rating and a $46 price target.
July 1, 2026: Guggenheim and Oppenheimer analysts set price targets of $83 and $50.
August 18, 2026: Bridget Collins was appointed as chief information officer.
September 30, 2026: Progress Software will release third quarter earnings.
Market Landscape
The upcoming earnings release follows a pattern of analyst re-evaluations that have fluctuated based on the company's strategic leadership and market positioning. This report marks a key milestone for the firm as it navigates the competitive enterprise software sector.
Operators and owners should monitor the upcoming report for signs of shifts in software demand or internal structural changes. These figures will signal whether the company's current valuation of $40.62 per share reflects its near-term operational health.
The takeaway
The release of third quarter results on September 30 provides a vital signal for the software industry’s current demand levels. Owners should track this report to evaluate how market expectations compare to actual operational execution as the company integrates new leadership.
Further reading
For more analysis on corporate performance, visit our Public Companies section.
Source note: This article includes information reported by Benzinga.
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