PROS (NYSE:PRO) Issues Q2 Earnings Guidance

PROS (NYSE:PRO) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.00 to $0.02 for the period, compared to the consensus 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 Performance

Shares of PRO traded up $0.06 during mid-day trading on Tuesday, hitting $32.97. 533,102 shares of the company’s stock were exchanged, compared to its average volume of 305,878. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -27.02 and a beta of 1.18. The stock’s 50-day moving average is $35.18 and its 200-day moving average is $35.73. PROS has a fifty-two week low of $24.61 and a fifty-two week high of $40.99.

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

Analysts Set New Price Targets

PRO has been the subject of several research analyst reports. Needham & Company LLC restated a buy rating and issued a $40.00 target price on shares of PROS in a report on Monday, March 4th. KeyCorp raised shares of PROS from a sector weight rating to an overweight rating and set a $43.00 target price for the company in a report on Friday, January 12th.

Insider Buying and Selling at PROS

In related news, CFO Stefan B. Schulz sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.92, for a total transaction of $215,520.00. Following the sale, the chief financial officer now owns 260,223 shares in the company, valued at $9,347,210.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by insiders.

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.