Progress Software (PRGS) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.69
- Estimate
- $1.52
- Surprise
- +11.6%
- Revenue (period 2026-08-31)
- $246.0M
- Score at report (before → after)
- 6.0 → 6.4/10
Revenue source: xbrl.
How the report landed
Progress Software (PRGS) beat the $1.52 estimate with adjusted EPS of $1.69 — a large 11.6% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.0/10) to Sell at 6.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates PRGS Sell at 5.6/10.
4 of the last 4 quarters beat the estimate; this quarter's +11.6% surprise compares with a +8.9% four-quarter average. Next scheduled report: 2027-01-19.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Thin upside margin: 10.0%
- Sector modifier (Technology): -0.8
- Leverage penalty (D/E 2.4): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $44.46
- Price target
- $48.89
- Stop
- $41.35
- Upside to target
- +10.0%
- Reward-to-risk
- 0.7:1
The stock trades at 20.5× trailing but 6.2× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 75 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
PRGS at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $1.82B
- P/E (fwd)
- 6.2
- P/E (ttm)
- 20.5
- 52-week range
- $23.82–$47.25
- Off 52-week high
- 5.9%
- RSI (14)
- 75
- Volume vs avg
- 0.55×
- Score today
- 5.6/10