The backtest results for PRGS following earnings beats show mixed short-term win rates, with a 45.45% win rate over 3 days improving to 63.64% over 10 days and 54.55% at 30 days, alongside increasing returns peaking at 5.14% over 30 days. The maximum observed return was 3.95% reached around day 23. This suggests that initial reactions to earnings beat are modest but gains tend to consolidate over a longer horizon.

Therefore, investors could consider holding PRGS beyond the immediate post-earnings period to capture more substantial returns.

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The backtest results show that the Software Industry experienced minimal impact from earnings beats, with a maximum return of only 0.63% occurring 54 days after the event. This indicates that positive earnings surprises in this sector do not significantly drive stock price movements over the medium term. Consequently, investors might consider that earnings beats in the Software Industry are not reliable catalysts for meaningful price appreciation and may need to look for other indicators or events to guide investment decisions within this sector.

Backtest PRGS Earning Beats Expectations

Find all upcoming company earnings reports scheduled for jun 30 2025. Get details on which companies are reporting and their expected results.

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