PROS (NYSE:PRO) Releases Q2 2024 Earnings Guidance

PROS (NYSE:PRO) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.000-0.020 for the period, compared to the consensus EPS estimate of 0.030. The company issued revenue guidance of $80.5 million-$81.5 million, compared to the consensus revenue estimate of $83.0 million. PROS also updated its FY 2024 guidance to EPS.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PRO shares. Needham & Company LLC reaffirmed a buy rating and set a $40.00 price target on shares of PROS in a report on Wednesday. KeyCorp raised shares of PROS from a sector weight rating to an overweight rating and set a $43.00 target price on the stock in a research note on Friday, January 12th.

PROS Stock Performance

Shares of NYSE:PRO traded up $0.20 during midday trading on Thursday, hitting $30.76. 318,025 shares of the stock were exchanged, compared to its average volume of 308,795. The business’s 50-day moving average price is $35.03 and its 200 day moving average price is $35.69. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -25.21 and a beta of 1.18. PROS has a 12 month low of $24.61 and a 12 month high of $40.99.

PROS (NYSE:PRO) last posted its earnings results on Tuesday, May 7th. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $80.69 million for the quarter, compared to the consensus estimate of $79.84 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.28) earnings per share. As a group, sell-side analysts expect that PROS will post -0.54 EPS for the current year.

Insider Buying and Selling

In other news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.92, for a total value of $215,520.00. Following the transaction, the chief financial officer now owns 260,223 shares in the company, valued at approximately $9,347,210.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by corporate insiders.

PROS Company Profile

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.