PROS (NYSE:PRO) Releases Q3 2020 After-Hours Earnings Guidance

PROS (NYSE:PRO) updated its third quarter 2020
After-Hours earnings guidance on Thursday. The company provided EPS guidance of -0.22–0.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.13. The company issued revenue guidance of $59-61 million, compared to the consensus revenue estimate of $63.37 million.PROS also updated its Q3 guidance to (0.18-0.22) EPS.

PRO stock opened at $32.63 on Friday. The stock has a 50-day simple moving average of $42.23 and a 200-day simple moving average of $41.62. The firm has a market cap of $1.41 billion, a P/E ratio of -18.54 and a beta of 1.51. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.80 and a current ratio of 1.80. PROS has a 1 year low of $19.73 and a 1 year high of $75.39.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, July 30th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.08. The company had revenue of $63.75 million for the quarter, compared to analyst estimates of $60.45 million. PROS had a negative net margin of 28.65% and a negative return on equity of 31.78%. On average, equities research analysts predict that PROS will post -1.16 EPS for the current year.

Several analysts have recently weighed in on the company. Zacks Investment Research downgraded PROS from a buy rating to a hold rating in a research note on Tuesday, June 9th. KeyCorp lifted their price objective on PROS from $38.00 to $50.00 and gave the stock an overweight rating in a report on Wednesday, June 17th. Needham & Company LLC raised their price target on shares of PROS from $40.00 to $45.00 and gave the stock a buy rating in a research report on Friday. JPMorgan Chase & Co. cut shares of PROS from a neutral rating to an underweight rating and cut their price target for the company from $40.00 to $38.00 in a report on Friday. Finally, Robert W. Baird raised their price objective on shares of PROS from $45.00 to $48.00 and gave the stock an outperform rating in a report on Monday, June 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $49.30.

In other news, CFO Stefan B. Schulz sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $44.63, for a total transaction of $89,260.00. Also, CFO Stefan B. Schulz sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $40.00, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer now directly owns 240,636 shares in the company, valued at approximately $9,625,440. The disclosure for this sale can be found here. Insiders have sold 8,664 shares of company stock worth $350,906 over the last three months. 10.20% of the stock is owned by corporate insiders.

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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