PROS (NYSE:PRO) Issues Q4 Earnings Guidance

PROS (NYSE:PRO) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.12-0.14 for the period, compared to the consensus EPS estimate of $0.08. The company issued revenue guidance of $84.1-85.1 million, compared to the consensus revenue estimate of $85.18 million.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PRO. Robert W. Baird cut their price target on shares of PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Craig Hallum reduced their price target on shares of PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of PROS in a research report on Monday, September 9th. Stifel Nicolaus reduced their price target on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Bank of America dropped their price objective on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, PROS has a consensus rating of “Moderate Buy” and a consensus price target of $34.29.

PROS Stock Up 1.6 %

PRO stock traded up $0.31 during midday trading on Tuesday, hitting $19.38. 477,338 shares of the company traded hands, compared to its average volume of 452,838. PROS has a twelve month low of $16.64 and a twelve month high of $40.99. The business has a 50 day simple moving average of $18.51 and a 200-day simple moving average of $24.61. The stock has a market capitalization of $914.93 million, a price-to-earnings ratio of -21.06 and a beta of 1.21.

PROS (NYSE:PRO) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $82.01 million for the quarter, compared to analyst estimates of $81.38 million. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.24) EPS. Equities research analysts forecast that PROS will post -0.43 EPS 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.