Analysts Expect PROS Holdings, Inc. (PRO) Will Post Quarterly Sales of $44.78 Million
Brokerages expect that PROS Holdings, Inc. (NYSE:PRO) will report sales of $44.78 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for PROS’s earnings, with the lowest sales estimate coming in at $44.24 million and the highest estimate coming in at $45.45 million. PROS reported sales of $39.93 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, February 6th.
On average, analysts expect that PROS will report full-year sales of $44.78 million for the current fiscal year, with estimates ranging from $166.71 million to $167.92 million. For the next year, analysts anticipate that the company will post sales of $186.13 million per share, with estimates ranging from $185.86 million to $186.46 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover PROS.
PROS (NYSE:PRO) last issued its earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The firm had revenue of $41.94 million during the quarter, compared to the consensus estimate of $41.07 million. During the same period last year, the firm posted ($0.19) earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year.
Shares of PROS (NYSE:PRO) traded up $0.88 during midday trading on Friday, reaching $28.66. The company’s stock had a trading volume of 188,703 shares, compared to its average volume of 225,889. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of -5.94. PROS has a 52 week low of $20.34 and a 52 week high of $30.49. The company has a market capitalization of $914.45, a PE ratio of -11.28 and a beta of 1.52.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in PROS during the 3rd quarter worth about $303,000. DF Dent & Co. Inc. grew its position in PROS by 16.6% during the 3rd quarter. DF Dent & Co. Inc. now owns 2,702,800 shares of the software maker’s stock worth $65,219,000 after purchasing an additional 385,329 shares during the period. Granahan Investment Management Inc. MA grew its position in PROS by 5.9% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 216,316 shares of the software maker’s stock worth $5,220,000 after purchasing an additional 12,131 shares during the period. Dragoneer Investment Group LLC grew its position in PROS by 3.8% during the 3rd quarter. Dragoneer Investment Group LLC now owns 113,287 shares of the software maker’s stock worth $2,734,000 after purchasing an additional 4,164 shares during the period. Finally, Whetstone Capital Advisors LLC grew its position in PROS by 24.3% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 509,348 shares of the software maker’s stock worth $12,291,000 after purchasing an additional 99,569 shares during the period. 93.27% of the stock is currently owned by institutional investors.
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PROS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS and related companies with MarketBeat.com's FREE daily email newsletter.