PROS (NYSE:PRO) Releases 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 Analyst Weigh In

Several equities research analysts have weighed in on PRO shares. Bank of America lowered their target price on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. KeyCorp dropped their target price on shares of PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of PROS in a report on Monday, September 9th. Robert W. Baird dropped their price objective on shares of PROS from $45.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Craig Hallum reduced their price objective on shares of PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.29.

PROS Stock Up 1.6 %

Shares of NYSE PRO traded up $0.30 during trading hours on Tuesday, hitting $19.37. 477,901 shares of the stock were exchanged, compared to its average volume of 452,838. PROS has a 12 month low of $16.64 and a 12 month high of $40.99. The firm has a fifty day moving average price of $18.51 and a 200-day moving average price of $24.49. The company has a market cap of $914.46 million, a PE ratio of -21.05 and a beta of 1.21.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $82.01 million for the quarter, compared to analyst estimates of $81.38 million. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.24) earnings per share. As a group, equities analysts anticipate that PROS will post -0.43 earnings per share for the current fiscal 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.