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

PROS (NYSE:PRO) posted its quarterly earnings results on Tuesday. The software maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05, Briefing.com reports. The company had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.32 million. PROS’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS.

PROS Price Performance

PRO stock traded up $1.09 during mid-day trading on Friday, reaching $20.89. 311,608 shares of the company traded hands, compared to its average volume of 460,114. PROS has a 52-week low of $16.64 and a 52-week high of $40.99. The company has a market capitalization of $988.31 million, a P/E ratio of -33.92 and a beta of 1.21. The company has a fifty day moving average price of $18.54 and a 200-day moving average price of $24.47.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PRO shares. Stifel Nicolaus decreased their price target on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Needham & Company LLC decreased their target price on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday. Oppenheimer lowered their target price on PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. KeyCorp cut their price target on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Northland Securities restated an “outperform” rating and issued a $38.00 price objective (down from $40.00) on shares of PROS in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PROS has a consensus rating of “Moderate Buy” and a consensus target price of $31.63.

PROS Company Profile

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.