PROS (NYSE:PRO) Issues Q4 2024 Earnings Guidance

PROS (NYSE:PRO) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.120-0.140 for the period, compared to the consensus earnings per share estimate of 0.080. The company issued revenue guidance of $84.1 million-$85.1 million, compared to the consensus revenue estimate of $85.2 million. PROS also updated its FY 2024 guidance to EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America decreased their price objective on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Craig Hallum decreased their price target on PROS from $32.00 to $31.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Stifel Nicolaus cut their price objective on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Oppenheimer lowered their target price on shares of PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of PROS in a research note on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.29.

PROS Stock Up 1.6 %

Shares of NYSE PRO traded up $0.30 during trading on Tuesday, hitting $19.37. The company had a trading volume of 477,901 shares, compared to its average volume of 452,838. PROS has a fifty-two week low of $16.64 and a fifty-two week high of $40.99. The stock has a fifty day simple moving average of $18.51 and a two-hundred day simple moving average of $24.49. The firm has a market capitalization of $914.46 million, a price-to-earnings ratio of -21.05 and a beta of 1.21.

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

About PROS

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.