PROS (PRO) Releases Q1 2019 Earnings Guidance

PROS (NYSE:PRO) issued an update on its first quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.15–0.13 for the period, compared to the Thomson Reuters consensus estimate of $-0.14. The company issued revenue guidance of $54-55 million, compared to the consensus revenue estimate of $53.41 million.PROS also updated its FY 2019 guidance to EPS.

PROS stock traded up $1.82 during midday trading on Friday, hitting $38.01. 818,600 shares of the company were exchanged, compared to its average volume of 233,352. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -24.84 and a beta of 1.05. PROS has a fifty-two week low of $28.18 and a fifty-two week high of $41.10. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 3.53.

PROS (NYSE:PRO) last posted its earnings results on Thursday, February 7th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.19. The company had revenue of $52.60 million for the quarter, compared to analyst estimates of $50.75 million. During the same period last year, the business earned ($0.13) earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Equities analysts expect that PROS will post -1.19 EPS for the current year.

Several analysts have commented on PRO shares. Royal Bank of Canada started coverage on PROS in a report on Tuesday, October 16th. They issued an outperform rating and a $38.00 price objective on the stock. Zacks Investment Research raised PROS from a hold rating to a buy rating and set a $38.00 price objective on the stock in a report on Saturday, January 26th. Finally, Nomura dropped their price objective on PROS from $45.00 to $44.00 and set a buy rating on the stock in a report on Friday, October 26th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $41.63.

In other news, CEO Andres Reiner sold 10,000 shares of PROS stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $31.37, for a total value of $313,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thomas Dziersk sold 2,000 shares of PROS stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $31.71, for a total value of $63,420.00. Following the completion of the sale, the executive vice president now directly owns 7,077 shares in the company, valued at $224,411.67. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by company insiders.

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PROS Company Profile

PROS Holdings, Inc provides AI-powered solutions that optimize selling in the digital economy. Its solutions enable companies to price, configure, and sell products and services in an omnichannel environment with speed, precision, and consistency. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.

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