PROS (NYSE:PRO) Issues Q2 Earnings Guidance

PROS (NYSE:PRO) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.00 to $0.02 for the period, compared to the consensus EPS estimate of $0.03. The company issued revenue guidance of $80.5 million to $81.5 million, compared to the consensus revenue estimate of $82.95 million.

Analyst Ratings Changes

Several brokerages recently commented on PRO. Needham & Company LLC reiterated a buy rating and set a $40.00 target price on shares of PROS in a report on Monday, March 4th. KeyCorp upgraded PROS from a sector weight rating to an overweight rating and set a $43.00 price target for the company in a research report on Friday, January 12th.

PROS Trading Up 0.2 %

Shares of PROS stock traded up $0.06 on Tuesday, reaching $32.97. 533,102 shares of the company were exchanged, compared to its average volume of 305,878. The stock has a fifty day moving average price of $35.18 and a 200-day moving average price of $35.73. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -27.02 and a beta of 1.18. PROS has a fifty-two week low of $24.61 and a fifty-two week high of $40.99.

PROS (NYSE:PRO) last issued its quarterly 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 business had revenue of $80.69 million for the quarter, compared to analysts’ expectations of $79.84 million. During the same quarter in the prior year, the firm posted ($0.28) EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that PROS will post -0.54 earnings per share for the current fiscal year.

Insider Transactions at PROS

In related news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.92, for a total transaction of $215,520.00. Following the completion of the transaction, the chief financial officer now owns 260,223 shares of the company’s stock, valued at approximately $9,347,210.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently 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.