PROS (NYSE:PRO) Updates Q2 Earnings Guidance

PROS (NYSE:PRO) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.00 to $0.02 for the period, compared to the consensus earnings per share estimate of $0.03. The company issued revenue guidance of $80.5 million to $81.5 million, compared to the consensus revenue estimate of $82.95 million.

PROS Stock Up 0.7 %

PROS stock traded up $0.20 during midday trading on Thursday, reaching $30.76. The stock had a trading volume of 318,025 shares, compared to its average volume of 308,795. The firm has a market capitalization of $1.44 billion, a PE ratio of -25.21 and a beta of 1.18. PROS has a 12 month low of $24.61 and a 12 month high of $40.99. The firm’s 50-day moving average price is $35.03 and its 200 day moving average price is $35.69.

PROS (NYSE:PRO) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $80.69 million for the quarter, compared to analysts’ expectations of $79.84 million. During the same quarter in the previous year, the company posted ($0.28) earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities research analysts expect that PROS will post -0.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. KeyCorp raised shares of PROS from a sector weight rating to an overweight rating and set a $43.00 price target on the stock in a report on Friday, January 12th. Needham & Company LLC reaffirmed a buy rating and issued a $40.00 price target on shares of PROS in a report on Wednesday.

Insider Transactions at PROS

In related news, CFO Stefan B. Schulz sold 6,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.92, for a total value of $215,520.00. Following the transaction, the chief financial officer now owns 260,223 shares of the company’s stock, valued at $9,347,210.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

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.