Progress Software Corporation (PRGS) Earnings

48.80 ↓2.03 (-3.99%)

As of Market Close on June 28th, 2022.

Last earnings report date: 2022-01-13Next earnings report date: N/A

Should You Buy PRGS Before Earnings?

Based on the last three years of earnings reports, buying PRGS stock within four weeks before its earnings date yielded an average return of 2.89%.

The best time to buy before earnings was 7 days before, which yielded an average return of 4.17% by the earnings date. The worst time was 1 day before, which yielded an average return of 1.43%.

Report dates analyzed: Sep 26 2019 - Jun 22 2022*

Disclaimer: Past performances is not a guarantee of future results.

Should You Buy PRGS After Earnings?

Based on the last three years of earnings reports, on average, PRGS has gone down -1.38% shortly after its earnings date. The stock bottoms around 7 days after earnings, where it is on average -2.71% lower than its closing price on the day of earnings.

Since PRGS has typically gone down after earnings, it might be a good time to buy the dip if you believe in the stock long-term.

Report dates analyzed: Jun 27 2019 - Mar 23 2022*

Disclaimer: Past performances is not a guarantee of future results.

Average Gains

The average return if you bought Progress Software Corporation before its earnings report and sold at close on its earnings day.

Period	28 Day Before	21 Days Before	14 Days Before	7 Days Before	1 Day Before	Day Of
Past 4 Earnings	3.11%	2.30%	2.14%	3.39%	-1.39%	-1.59%
Past 8 Earnings	1.67%	2.34%	2.24%	2.63%	0.53%	0.45%
Past 12 Earnings	2.25%	3.13%	3.52%	3.93%	1.63%	1.40%

PRGS Earnings History

Report Date	28 Day Before	21 Days Before	14 Days Before	7 Days Before	1 Day Before	Day Of	1 Day After	7 Days After	14 Days After	21 Days After	28 Days After
2022-06-22	47.00 0.72%	49.23 -3.84%	49.97 -5.26%	47.94 -1.25%	47.55 -0.44%	47.34 0.60%	48.05 1.50%	N/A	N/A	N/A	N/A
2022-03-23	42.77 3.79%	45.19 -1.77%	43.29 2.54%	44.54 -0.34%	45.83 -3.14%	44.39 -2.55%	44.60 0.47%	46.21 4.10%	45.13 1.67%	45.94 3.49%	49.88 12.37%
2022-01-12	48.05 -2.25%	47.97 -2.09%	49.16 -4.46%	46.29 1.47%	46.95 0.04%	46.97 -0.51%	45.66 -2.79%	43.06 -8.32%	44.48 -5.30%	45.90 -2.28%	45.93 -2.21%
2021-09-27	46.68 9.64%	45.92 11.46%	45.52 12.43%	45.03 13.66%	53.10 -3.62%	51.18 -3.71%	48.95 -4.36%	49.07 -4.12%	48.88 -4.49%	49.59 -3.11%	50.35 -1.62%
2021-06-24	45.49 1.25%	45.34 1.59%	46.99 -1.98%	46.63 -1.22%	45.53 1.16%	46.06 0.39%	46.51 0.98%	46.84 1.69%	45.34 -1.56%	45.13 -2.02%	45.79 -0.59%
2021-03-25	43.98 -4.96%	42.32 -1.23%	45.54 -8.21%	43.07 -2.95%	41.82 -0.05%	41.80 -0.19%	44.27 5.91%	45.04 7.75%	44.94 7.51%	45.75 9.45%	46.85 12.08%
2021-01-14	44.35 10.06%	44.20 10.43%	45.19 8.01%	47.24 3.32%	47.47 2.82%	48.81 1.79%	44.14 -9.57%	41.65 -14.67%	41.14 -15.71%	42.27 -13.40%	43.23 -11.43%
2020-09-29	38.15 1.57%	35.46 9.28%	35.66 8.67%	36.03 7.55%	37.28 3.94%	38.75 4.93%	36.68 -5.34%	38.78 0.08%	39.99 3.20%	38.66 -0.23%	38.14 -1.57%
2020-06-25	40.12 -5.76%	41.54 -8.98%	37.47 0.91%	37.97 -0.42%	36.69 3.05%	37.81 3.48%	37.60 -0.56%	38.38 1.51%	36.27 -4.07%	35.82 -5.26%	35.45 -6.24%
2020-03-26	37.51 -7.09%	34.96 -0.32%	31.30 11.34%	30.47 14.38%	33.24 4.84%	34.85 4.50%	33.01 -5.28%	31.68 -9.10%	35.97 3.21%	36.30 4.16%	37.42 7.37%
2020-01-16	41.55 14.42%	41.91 13.43%	42.25 12.52%	42.56 11.70%	45.26 5.04%	47.54 4.65%	49.07 3.21%	47.09 -0.95%	46.40 -2.40%	45.91 -3.43%	45.46 -4.38%

Methodology

We analyzed the past three years of PRGS's earnings reports to calculate the average change in price of the stock before and after earnings.

Before Earnings

For calculating the average gains if you bought prior to earnings, we looked at the closing price of 5 different dates and compared them to the closing price of PRGS on the day of the earnings report to calculate the return. The dates analyzed are:

28 days prior (4 weeks)
21 days prior (3 weeks)
14 days prior (2 weeks)
7 days prior (1 week)
1 day prior

This simulates an individual purchasing PRGS stock on one of those days and selling on the day of the earnings report.

After Earnings

For calculating the average gains if you bought PRGS stock on the day of earnings, we looked at the closing price of PRGS on the day of the earnings and then compared it to 5 dates after. The dates analyzed are:

1 day after
7 days after (1 week)
14 days after (2 weeks)
21 days after (3 weeks)
28 day after (4 weeks)

This simulates an individual purchasing PRGS stock on the day of the earnings report and then selling on one of the dates following.

Day of

To calculate the gains on the day of earnings, we compared the opening price of PRGS to the closing price on the day of earnings - regardless if the earnings call was pre- or post-market.