Zacks: Analysts Anticipate PROS Holdings, Inc. (PRO) Will Post Earnings of -$0.13 Per Share

Wall Street brokerages expect that PROS Holdings, Inc. (NYSE:PRO) will post ($0.13) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for PROS’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.12). PROS also posted earnings of ($0.13) per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that PROS will report full year earnings of ($0.60) per share for the current fiscal year, with EPS estimates ranging from ($0.62) to ($0.59). For the next financial year, analysts forecast that the business will report earnings of ($0.44) per share, with EPS estimates ranging from ($0.52) to ($0.28). Zacks’ earnings per share averages are an average based on a survey of research analysts that cover PROS.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.06. The company had revenue of $49.08 million during the quarter, compared to the consensus estimate of $47.94 million.

A number of brokerages have weighed in on PRO. Zacks Investment Research raised shares of PROS from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a research note on Friday, November 2nd. Royal Bank of Canada began coverage on shares of PROS in a research note on Tuesday, October 16th. They set an “outperform” rating and a $38.00 target price for the company. Finally, Nomura decreased their target price on shares of PROS from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, October 26th. One analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $41.50.

PRO stock traded down $1.53 during trading on Wednesday, reaching $31.61. The company had a trading volume of 189,330 shares, compared to its average volume of 178,437. PROS has a 52 week low of $23.67 and a 52 week high of $41.10. The company has a market cap of $1.20 billion, a P/E ratio of -20.66 and a beta of 1.18. The company has a debt-to-equity ratio of 3.53, a current ratio of 2.63 and a quick ratio of 2.63.

In related news, CEO Andres Reiner sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $31.37, for a total transaction of $313,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 30,000 shares of company stock valued at $1,026,100 in the last ninety days. Insiders own 15.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of PROS by 18.5% during the third quarter. Vanguard Group Inc. now owns 1,586,583 shares of the software maker’s stock valued at $55,562,000 after acquiring an additional 247,315 shares in the last quarter. Teachers Advisors LLC increased its position in shares of PROS by 5.0% during the third quarter. Teachers Advisors LLC now owns 61,473 shares of the software maker’s stock valued at $2,153,000 after acquiring an additional 2,919 shares in the last quarter. MetLife Investment Advisors LLC increased its position in shares of PROS by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 20,031 shares of the software maker’s stock valued at $701,000 after acquiring an additional 7,121 shares in the last quarter. Putnam Investments LLC increased its position in shares of PROS by 132.1% during the third quarter. Putnam Investments LLC now owns 127,831 shares of the software maker’s stock valued at $4,476,000 after acquiring an additional 72,755 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of PROS during the third quarter valued at approximately $1,026,000. 99.41% of the stock is owned by institutional investors.

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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