PROS (NYSE:PRO) Updates Q4 Earnings Guidance

PROS (NYSE:PRO) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.12-0.14 for the period, compared to the consensus earnings per share estimate of $0.08. The company issued revenue guidance of $84.1-85.1 million, compared to the consensus revenue estimate of $85.18 million. PROS also updated its FY 2024 guidance to EPS.

Analyst Ratings Changes

PRO has been the topic of several research reports. Robert W. Baird cut their price objective on shares of PROS from $35.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday. Northland Securities restated an “outperform” rating and issued a $38.00 price target (down from $40.00) on shares of PROS in a report on Wednesday. Stifel Nicolaus reduced their price objective on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. KeyCorp cut their target price on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Needham & Company LLC reduced their price target on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, PROS has an average rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Stock Performance

NYSE:PRO traded up $1.10 during mid-day trading on Friday, hitting $20.90. The stock had a trading volume of 230,148 shares, compared to its average volume of 459,729. PROS has a twelve month low of $16.64 and a twelve month high of $40.99. The stock has a market cap of $988.78 million, a price-to-earnings ratio of -33.92 and a beta of 1.21. The company’s 50 day simple moving average is $18.54 and its 200 day simple moving average is $24.47.

PROS (NYSE:PRO) last released its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.17) earnings per share. As a group, equities analysts forecast that PROS will post -0.43 earnings per share for the current year.

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.