$47.94 Million in Sales Expected for PROS Holdings, Inc. (PRO) This Quarter

Analysts expect PROS Holdings, Inc. (NYSE:PRO) to post $47.94 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for PROS’s earnings. The highest sales estimate is $48.30 million and the lowest is $47.73 million. PROS posted sales of $41.94 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that PROS will report full-year sales of $193.21 million for the current financial year, with estimates ranging from $192.74 million to $194.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $223.41 million, with estimates ranging from $217.19 million to $228.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow PROS.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, July 26th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.04. The company had revenue of $47.40 million during the quarter, compared to analyst estimates of $46.30 million. During the same period in the prior year, the business posted ($0.22) EPS. PROS’s revenue was up 17.3% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of PROS in a research note on Tuesday. They issued an “outperform” rating and a $38.00 price target on the stock. Needham & Company LLC lifted their price target on shares of PROS to $46.00 and gave the company a “strong-buy” rating in a research note on Friday, July 27th. KeyCorp reissued a “buy” rating and issued a $45.00 price target on shares of PROS in a research note on Friday, July 27th. Northland Securities reissued a “buy” rating and issued a $45.00 price target on shares of PROS in a research note on Friday, July 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of PROS from $38.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.63.

In related news, CEO Andres Reiner sold 10,000 shares of PROS stock in a transaction on Monday, September 10th. The shares were sold at an average price of $39.03, for a total value of $390,300.00. Following the sale, the chief executive officer now owns 445,399 shares of the company’s stock, valued at approximately $17,383,922.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 30,000 shares of company stock worth $1,088,600 in the last three months. 15.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in PRO. Teacher Retirement System of Texas acquired a new stake in PROS during the 2nd quarter worth $203,000. Xact Kapitalforvaltning AB acquired a new stake in PROS during the 2nd quarter worth $205,000. Cubist Systematic Strategies LLC acquired a new stake in PROS during the 2nd quarter worth $278,000. Metropolitan Life Insurance Co. NY boosted its stake in PROS by 18.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 9,038 shares of the software maker’s stock worth $331,000 after purchasing an additional 1,392 shares during the last quarter. Finally, Barclays PLC boosted its stake in PROS by 161.2% during the 1st quarter. Barclays PLC now owns 11,050 shares of the software maker’s stock worth $364,000 after purchasing an additional 6,819 shares during the last quarter.

PROS stock traded down $0.36 during trading on Friday, reaching $30.98. The company had a trading volume of 229,100 shares, compared to its average volume of 244,926. PROS has a 1-year low of $21.36 and a 1-year high of $41.10. The stock has a market capitalization of $1.08 billion, a P/E ratio of -20.57 and a beta of 1.25. The company has a debt-to-equity ratio of -3.19, a quick ratio of 1.65 and a current ratio of 1.65.

PROS Company Profile

PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. 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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Earnings History and Estimates for PROS (NYSE:PRO)

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