PROS (NYSE:PRO) Posts Earnings Results, Beats Expectations By $0.05 EPS

PROS (NYSE:PRO) issued its quarterly earnings data on Tuesday. The software maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05, Briefing.com reports. The business had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. During the same period in the previous year, the business posted ($0.17) EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year.

PROS Stock Up 5.7 %

Shares of NYSE:PRO traded up $1.13 during midday trading on Friday, reaching $20.93. The company had a trading volume of 410,841 shares, compared to its average volume of 460,359. PROS has a 1-year low of $16.64 and a 1-year high of $40.99. The stock has a market cap of $990.20 million, a PE ratio of -33.92 and a beta of 1.21. The business’s 50 day moving average price is $18.54 and its 200 day moving average price is $24.47.

Analyst Ratings Changes

Several brokerages recently issued reports on PRO. KeyCorp decreased their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday. Robert W. Baird lowered their price objective on shares of PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday. Oppenheimer cut their price objective on shares of PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. 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. Finally, Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.63.

PROS Company Profile

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.