-$0.20 Earnings Per Share Expected for PROS Holdings, Inc. (PRO) This Quarter

Wall Street brokerages predict that PROS Holdings, Inc. (NYSE:PRO) will report ($0.20) earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for PROS’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.23). PROS reported earnings per share of ($0.22) during the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The business is expected to issue its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that PROS will report full year earnings of ($0.74) per share for the current fiscal year, with EPS estimates ranging from ($0.77) to ($0.72). For the next year, analysts anticipate that the company will report earnings of ($0.53) per share, with EPS estimates ranging from ($0.65) to ($0.41). Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow PROS.

PROS (NYSE:PRO) last issued its quarterly earnings data on Thursday, July 26th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. The firm had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $46.30 million. The firm’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the company earned ($0.22) earnings per share.

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on PROS from $38.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Zacks Investment Research raised PROS from a “sell” rating to a “hold” rating in a research report on Thursday, June 14th. KeyCorp reissued a “buy” rating and set a $45.00 target price on shares of PROS in a research report on Friday, July 27th. Northland Securities reissued a “buy” rating and set a $45.00 target price on shares of PROS in a research report on Friday, July 27th. Finally, DA Davidson boosted their target price on PROS to $31.00 and gave the company a “neutral” rating in a research report on Friday, May 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $38.38.

Shares of NYSE PRO traded up $0.31 during trading hours on Friday, hitting $39.99. 119,311 shares of the company traded hands, compared to its average volume of 158,863. The company has a debt-to-equity ratio of -3.19, a current ratio of 1.65 and a quick ratio of 1.65. PROS has a 12 month low of $21.36 and a 12 month high of $41.10.

In other PROS news, CEO Andres Reiner sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $38.29, for a total value of $382,900.00. Following the transaction, the chief executive officer now owns 465,399 shares of the company’s stock, valued at approximately $17,820,127.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of PRO. Rockefeller Capital Management L.P. bought a new position in shares of PROS during the 1st quarter worth $29,906,000. Whale Rock Capital Management LLC lifted its stake in shares of PROS by 38.0% during the 1st quarter. Whale Rock Capital Management LLC now owns 839,796 shares of the software maker’s stock worth $27,722,000 after purchasing an additional 231,311 shares during the last quarter. Fred Alger Management Inc. lifted its stake in shares of PROS by 96.7% during the 2nd quarter. Fred Alger Management Inc. now owns 469,431 shares of the software maker’s stock worth $17,167,000 after purchasing an additional 230,754 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of PROS during the 1st quarter worth $6,279,000. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of PROS during the 1st quarter worth $5,877,000.

PROS Company Profile

PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.

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Earnings History and Estimates for PROS (NYSE:PRO)

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