PROS (NYSE:PRO) Issues Q3 2024 Earnings Guidance

PROS (NYSE:PRO) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.080-0.100 for the period, compared to the consensus estimate of 0.070. The company issued revenue guidance of $81.5 million-$82.5 million, compared to the consensus revenue estimate of $85.1 million. PROS also updated its FY 2024 guidance to EPS.

Wall Street Analyst Weigh In

PRO has been the topic of a number of research reports. Needham & Company LLC reaffirmed a buy rating and set a $40.00 target price on shares of PROS in a research note on Tuesday, July 16th. Craig Hallum lowered shares of PROS from a buy rating to a hold rating and lowered their target price for the company from $40.00 to $32.00 in a report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PROS currently has a consensus rating of Moderate Buy and an average target price of $40.50.

PROS Price Performance

NYSE PRO traded up $0.20 during mid-day trading on Tuesday, reaching $25.51. The stock had a trading volume of 713,534 shares, compared to its average volume of 347,455. The company has a fifty day moving average price of $27.46 and a 200 day moving average price of $32.27. PROS has a 1 year low of $23.29 and a 1 year high of $40.99. The stock has a market cap of $1.20 billion, a PE ratio of -24.25 and a beta of 1.21.

PROS (NYSE:PRO) last released its quarterly earnings data on Tuesday, May 7th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $80.69 million during the quarter, compared to the consensus estimate of $79.84 million. PROS’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.28) earnings per share. As a group, equities research analysts expect that PROS will post -0.5 earnings per share for the current year.

Insider Buying and Selling

In other PROS news, Director Leland Jourdan sold 2,162 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $67,086.86. Following the completion of the sale, the director now directly owns 13,313 shares in the company, valued at approximately $413,102.39. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Stefan B. Schulz sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $186,180.00. Following the transaction, the chief financial officer now owns 258,327 shares in the company, valued at approximately $8,015,886.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leland Jourdan sold 2,162 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $67,086.86. Following the sale, the director now owns 13,313 shares of the company’s stock, valued at $413,102.39. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

About PROS

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.