Equities research analysts forecast that PROS Holdings, Inc. (NYSE:PRO) will announce $54.73 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for PROS’s earnings, with the lowest sales estimate coming in at $54.24 million and the highest estimate coming in at $55.00 million. PROS posted sales of $47.91 million during the same quarter last year, which indicates a positive year over year growth rate of 14.2%. The firm is expected to issue its next earnings results on Thursday, April 25th.

On average, analysts expect that PROS will report full year sales of $232.08 million for the current fiscal year, with estimates ranging from $231.13 million to $233.53 million. For the next fiscal year, analysts forecast that the firm will post sales of $270.04 million, with estimates ranging from $262.90 million to $273.23 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow PROS.

PROS (NYSE:PRO) last issued its earnings results on Thursday, February 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.19. The firm had revenue of $52.60 million during the quarter, compared to analysts’ expectations of $50.75 million. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) EPS.

Several analysts have issued reports on the company. Zacks Investment Research raised PROS from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Saturday, January 26th. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $50.00 target price on shares of PROS in a research note on Friday, February 22nd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $42.75.

Shares of PRO opened at $41.84 on Monday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -38.39 and a beta of 1.21. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.62. PROS has a 1 year low of $28.18 and a 1 year high of $44.33.

Several large investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in shares of PROS by 0.6% during the third quarter. TIAA CREF Investment Management LLC now owns 60,627 shares of the software maker’s stock valued at $2,123,000 after purchasing an additional 355 shares during the period. Legal & General Group Plc boosted its stake in shares of PROS by 13.1% during the third quarter. Legal & General Group Plc now owns 4,901 shares of the software maker’s stock valued at $172,000 after purchasing an additional 567 shares during the period. Squarepoint Ops LLC boosted its stake in shares of PROS by 5.5% during the fourth quarter. Squarepoint Ops LLC now owns 14,035 shares of the software maker’s stock valued at $441,000 after purchasing an additional 735 shares during the period. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of PROS during the fourth quarter valued at approximately $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of PROS by 64.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,308 shares of the software maker’s stock valued at $72,000 after purchasing an additional 908 shares during the period. 96.53% of the stock is owned by hedge funds and other institutional investors.

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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