PROS (NYSE:PRO) Releases Q2 2024 Earnings Guidance

PROS (NYSE:PRO - Get Free Report) 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

A number of research analysts have recently weighed in on the company. Needham & Company LLC restated a buy rating and issued a $40.00 target price on shares of PROS in a report on Wednesday. KeyCorp upgraded shares of PROS from a sector weight rating to an overweight rating and set a $43.00 target price for the company in a report on Friday, January 12th.

PROS Price Performance

Shares of NYSE PRO traded down $2.39 during mid-day trading on Wednesday, reaching $30.58. 556,184 shares of the company's stock were exchanged, compared to its average volume of 308,691. The firm has a 50-day moving average price of $35.14 and a two-hundred day moving average price of $35.73. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -25.05 and a beta of 1.18. PROS has a 52 week low of $24.61 and a 52 week high of $40.99.

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

Insiders Place Their Bets

In other news, CFO Stefan B. Schulz sold 6,000 shares of the company'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 owns 260,223 shares of the company's stock, valued at approximately $9,347,210.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.70% of the company's stock.

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.