PROS (NYSE:PRO) Releases Q4 Earnings Guidance

PROS (NYSE:PRO) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.12-0.14 for the period, compared to the consensus estimate of $0.08. The company issued revenue guidance of $84.1-85.1 million, compared to the consensus revenue estimate of $85.18 million. PROS also updated its FY 2024 guidance to EPS.

PROS Trading Down 5.0 %

Shares of NYSE PRO traded down $1.05 during midday trading on Thursday, reaching $19.80. 1,027,672 shares of the stock were exchanged, compared to its average volume of 460,791. The company has a market capitalization of $934.68 million, a P/E ratio of -31.94 and a beta of 1.21. The stock has a 50 day moving average price of $18.54 and a 200-day moving average price of $24.47. PROS has a 52-week low of $16.64 and a 52-week high of $40.99.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $82.01 million during the quarter, compared to analyst estimates of $81.38 million. During the same quarter last year, the firm posted ($0.24) earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. On average, analysts forecast that PROS will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

PRO has been the subject of a number of research analyst reports. Bank of America dropped their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Craig Hallum raised shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday. Oppenheimer lowered their price objective on shares of PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Needham & Company LLC cut their target price on PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus lowered their price target on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, PROS currently has an average rating of “Moderate Buy” and an average price target 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.