PROS (PRO) Updates Q1 Earnings Guidance

PROS (NYSE:PRO) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of (0.21) to (0.19) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.18). The company issued revenue guidance of $45.6-46.6 million, compared to the consensus revenue estimate of $43.69 million.

PROS (NYSE PRO) traded up $0.05 on Tuesday, hitting $27.38. 315,794 shares of the stock traded hands, compared to its average volume of 182,304. The company has a debt-to-equity ratio of -5.94, a current ratio of 2.08 and a quick ratio of 2.08. PROS has a 1 year low of $21.10 and a 1 year high of $30.49. The stock has a market capitalization of $886.70, a PE ratio of -10.74 and a beta of 1.42.

PROS (NYSE:PRO) last released its quarterly earnings data on Monday, February 5th. The software maker reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.05. The company had revenue of $46.34 million for the quarter, compared to analysts’ expectations of $44.68 million. During the same period in the previous year, the firm earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. equities analysts predict that PROS will post -1.48 earnings per share for the current year.

Several research analysts have recently weighed in on PRO shares. ValuEngine cut shares of PROS from a hold rating to a sell rating in a report on Friday, October 27th. Zacks Investment Research cut shares of PROS from a buy rating to a hold rating in a report on Wednesday, December 27th. Needham & Company LLC raised shares of PROS from a buy rating to a strong-buy rating and set a $35.00 price objective for the company in a report on Monday, December 11th. Finally, DA Davidson started coverage on shares of PROS in a report on Friday. They set a neutral rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. PROS has a consensus rating of Buy and a consensus price target of $31.00.

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About PROS

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.

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