PROS (NYSE:PRO) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

PROS (NYSE:PRO) announced its earnings results on Tuesday. The software maker reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.05, MarketWatch Earnings reports. PROS had a negative return on equity of 38.36% and a negative net margin of 29.53%. The company had revenue of $61.40 million for the quarter, compared to analyst estimates of $60.21 million. During the same period in the prior year, the company posted ($0.23) EPS. PROS’s quarterly revenue was down 7.4% on a year-over-year basis. PROS updated its FY 2021 guidance to – EPS and its Q2 2021 guidance to -0.230–0.210 EPS.

PRO stock traded down $1.70 during midday trading on Tuesday, hitting $40.95. 423,586 shares of the company’s stock were exchanged, compared to its average volume of 289,921. The stock’s fifty day moving average price is $44.35 and its 200-day moving average price is $43.66. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.54 and a current ratio of 2.54. The company has a market cap of $1.81 billion, a PE ratio of -23.01 and a beta of 1.92. PROS has a one year low of $24.55 and a one year high of $51.83.

In other news, Director Timothy V. Williams sold 2,406 shares of the business’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $43.72, for a total value of $105,190.32. Following the sale, the director now directly owns 116,198 shares in the company, valued at $5,080,176.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 10.20% of the company’s stock.

PRO has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on PROS from $38.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, February 5th. Zacks Investment Research raised PROS from a “sell” rating to a “hold” rating in a report on Saturday, April 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $43.33.

About PROS

PROS Holdings, Inc provides solutions that optimize the processes of selling and shopping in the digital economy worldwide. The company offers PROS Smart CPQ, a tool for sales teams and partners to respond to customer quotes; and PROS Opportunity Detection that increases sales effectiveness and productivity by uncovering sales opportunities in existing accounts for sales teams.

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Earnings History for PROS (NYSE:PRO)

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