PROS Holdings, Inc. (NYSE:PRO) Expected to Post Earnings of -$0.09 Per Share

Brokerages predict that PROS Holdings, Inc. (NYSE:PRO) will report earnings of ($0.09) per share for the current quarter, according to Zacks. Four analysts have made estimates for PROS’s earnings, with the highest EPS estimate coming in at ($0.07) and the lowest estimate coming in at ($0.10). PROS posted earnings of ($0.13) per share during the same quarter last year, which would suggest a positive year over year growth rate of 30.8%. The firm is expected to announce its next earnings results after the market closes on Thursday, October 24th.

According to Zacks, analysts expect that PROS will report full-year earnings of ($0.34) per share for the current fiscal year, with EPS estimates ranging from ($0.38) to ($0.30). For the next fiscal year, analysts expect that the business will report earnings of ($0.16) per share, with EPS estimates ranging from ($0.31) to ($0.07). Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for PROS.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The firm had revenue of $63.88 million for the quarter, compared to analysts’ expectations of $61.41 million. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The business’s revenue was up 34.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) EPS.

Several research analysts have recently commented on PRO shares. Stifel Nicolaus raised their target price on shares of PROS from $60.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on shares of PROS from $55.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Needham & Company LLC set a $80.00 target price on shares of PROS and gave the stock a “buy” rating in a report on Friday, July 26th. Nomura raised their target price on shares of PROS from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Zacks Investment Research cut shares of PROS from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. PROS currently has a consensus rating of “Buy” and an average price target of $71.27.

In related news, Director Timothy V. Williams sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $73.05, for a total transaction of $73,050.00. Following the sale, the director now owns 107,373 shares in the company, valued at approximately $7,843,597.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andres Reiner sold 25,973 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $72.26, for a total transaction of $1,876,808.98. The disclosure for this sale can be found here. Insiders have sold a total of 835,925 shares of company stock worth $59,942,502 in the last quarter. 13.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Capital Management LLC boosted its position in shares of PROS by 15.9% during the 2nd quarter. Brown Capital Management LLC now owns 6,479,054 shares of the software maker’s stock worth $409,865,000 after acquiring an additional 888,018 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of PROS by 45.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,498,223 shares of the software maker’s stock worth $158,038,000 after acquiring an additional 781,598 shares in the last quarter. BlackRock Inc. boosted its position in shares of PROS by 8.4% during the 2nd quarter. BlackRock Inc. now owns 2,390,678 shares of the software maker’s stock worth $151,234,000 after acquiring an additional 185,835 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of PROS by 226.1% during the 2nd quarter. Renaissance Technologies LLC now owns 997,000 shares of the software maker’s stock worth $63,070,000 after acquiring an additional 691,300 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in PROS by 0.6% in the second quarter. Stephens Investment Management Group LLC now owns 926,331 shares of the software maker’s stock valued at $58,600,000 after buying an additional 5,419 shares in the last quarter. Institutional investors and hedge funds own 97.59% of the company’s stock.

Shares of PRO traded down $2.01 during mid-day trading on Tuesday, hitting $54.43. 320,764 shares of the company’s stock were exchanged, compared to its average volume of 392,127. PROS has a 52 week low of $28.18 and a 52 week high of $75.39. The stock’s 50-day simple moving average is $61.04 and its 200-day simple moving average is $60.28. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -49.94 and a beta of 1.13. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 2.28.

About PROS

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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Earnings History and Estimates for PROS (NYSE:PRO)

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