PROS (NYSE:PRO) Issues Q2 2024 Earnings Guidance

PROS (NYSE:PRO) updated its second quarter 2024 earnings guidance on Wednesday. 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 brokerages recently weighed in on PRO. Needham & Company LLC reaffirmed a buy rating and issued a $40.00 price target on shares of PROS in a research note on Wednesday. KeyCorp raised shares of PROS from a sector weight rating to an overweight rating and set a $43.00 price objective on the stock in a research note on Friday, January 12th.

PROS Stock Up 0.7 %

PRO traded up $0.20 on Thursday, reaching $30.76. 318,025 shares of the company traded hands, compared to its average volume of 308,795. The company has a market cap of $1.44 billion, a P/E ratio of -25.21 and a beta of 1.18. The firm has a fifty day simple moving average of $35.03 and a two-hundred day simple moving average of $35.69. PROS has a one year low of $24.61 and a one year high of $40.99.

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

Insider Buying and Selling

In related news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.92, for a total transaction of $215,520.00. Following the transaction, the chief financial officer now directly owns 260,223 shares in the company, valued at approximately $9,347,210.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by company insiders.

About PROS

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.