Progress Software Corporation (PRGS) Earnings
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 -0.52%.
The best time to buy before earnings was 7 days before, which yielded an average return of 0.46% by the earnings date. The worst time was 21 days before, which yielded an average return of -1.12%.
Report dates analyzed: Jun 24 2021 - Mar 26 2024*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 -0.08% shortly after its earnings date. The stock bottoms around 14 days after earnings, where it is on average -1.19% 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 24 2021 - Mar 26 2024*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 | -5.12% | -4.31% | -3.49% | -1.79% | -0.13% | -0.46% |
Past 8 Earnings | -2.78% | -2.82% | -2.27% | -1.00% | 0.17% | 0.00% |
Past 12 Earnings | -0.82% | -1.12% | -0.80% | 0.46% | -0.35% | -0.53% |
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 |
---|---|---|---|---|---|---|---|---|---|---|---|
2024-03-26 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2024-01-15 | 55.00 -1.82% | 55.46 -2.63% | 54.29 -0.53% | 53.25 1.41% | 53.33 1.26% | N/A | 56.55 5.48% | 59.30 10.61% | 57.60 7.44% | 56.68 5.73% | 56.72 5.80% |
2023-09-25 | 61.72 -8.99% | 59.24 -5.18% | 58.08 -3.29% | 56.99 -1.44% | 56.26 -0.16% | 56.17 -0.05% | 55.37 -1.42% | 52.18 -7.10% | 52.69 -6.20% | 52.66 -6.25% | 50.26 -10.52% |
2023-06-26 | 60.00 -9.68% | 59.82 -9.41% | 60.30 -10.13% | 58.35 -7.13% | 55.08 -1.62% | 54.19 -1.78% | 54.00 -0.35% | 58.97 8.82% | 57.19 5.54% | 58.88 8.66% | 58.03 7.09% |
2023-03-27 | 57.54 2.26% | 57.58 2.19% | 57.07 3.10% | 58.39 0.77% | 57.74 1.91% | 58.84 1.50% | 58.65 -0.32% | 56.37 -4.20% | 54.22 -7.85% | 56.79 -3.48% | 56.31 -4.30% |
2023-01-16 | 49.91 7.71% | 50.48 6.50% | 50.97 5.47% | 51.85 3.68% | 53.53 0.43% | N/A | 51.79 -3.20% | 51.75 -3.27% | 51.99 -2.82% | 56.02 4.71% | 57.14 6.80% |
2022-09-21 | 49.35 -12.42% | 48.13 -10.20% | 46.73 -7.51% | 45.04 -4.04% | 43.24 -0.05% | 43.22 -0.28% | 43.00 -0.51% | 42.35 -2.01% | 45.64 5.60% | 44.89 3.86% | 46.47 7.52% |
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% | 46.16 -2.49% | 44.36 -6.30% | 43.42 -8.28% | 46.70 -1.35% |
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% |
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.
$PRGS I hope I never have to work for anyone again after this
$PRGS hold and buy… go green go!!!
$PRGS LOADING UP HERE!
$PRGS make it rain
let’s see some green
$PRGS I think I like this stock more everyday
$PRGS going green
$PRGS who else finds themselves here after liquidating their positions for a loss only to bash on how seriously fcked up the stock market is
$PRGS lets see if it can hold the line
$PRGS when is earnings
$PRGS who else excited??