Earnings on Deck For Progress Software Corporation (NASDAQ:PRGS)

Earnings is just around the corner for Progress Software Corporation (NASDAQ:PRGS) as the firm is slated to issue their report on 1/10/2017 4:30:00 PM.  The firm has most recently posted quarter over quarter growth of 287.30% and sales growth of 7.80% quarter over quarter.  

In terms of the trend lines, Progress Software Corporation (NASDAQ:PRGS) shares are currently -3.37% off of their 52-week high and 43.15% off from the 52-week low point.  The stock is 13.22% from the 200-day moving average and 5.08% from the 50-day average.  The Relative Strength Index for the stock stands at 53.88.

Increased volatility should be expected heading into and immediately after the Progress Software Corporation (NASDAQ:PRGS) earnings report.  According to the most recent data, the average true range stands at 0.62 which is a measure of the most recent volatility.  The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low).  The average volatility for the week stands at 1.79% and 1.94% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 0.71.  

Potential Upside

So is there any potential upside for the stock if Progress Software Corporation is able to meet or beat earnings?  Analysts, on a consensus basis have a $30.67 on the stock, compared to a recent bid of $31.38.  The average broker recommendation yields a score of 2.80, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.  

Ownership

Heading into the earnings report, 1.50% shares are held by company insiders.  On the institutional front, 93.60% of Progress Software Corporation (NASDAQ:PRGS) are owned by firms or funds.  Over the past few months, insider transactions have trended -70.75% while institutions saw a change of 0.26% in company stock. 

Performance

Year to date, Progress Software Corporation (NASDAQ:PRGS) holders have seen returns of -2.00%.  Over the past month the stock moved 2.79% and most recently shares over the past five trading days have moved -2.00%.

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