Q1 2020 Earnings Estimate for PROS Holdings, Inc. (PRO) Issued By KeyCorp

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PROS Holdings, Inc. (NYSE:PRO) – Equities research analysts at KeyCorp boosted their Q1 2020 earnings estimates for shares of PROS in a research note issued on Wednesday, May 22nd. KeyCorp analyst J. Celino now forecasts that the software maker will post earnings per share of ($0.20) for the quarter, up from their prior forecast of ($0.22). KeyCorp also issued estimates for PROS’s Q2 2020 earnings at ($0.20) EPS, Q4 2020 earnings at ($0.16) EPS, FY2020 earnings at ($0.77) EPS, FY2021 earnings at ($0.49) EPS and FY2022 earnings at ($0.06) EPS.

Several other analysts also recently issued reports on the company. Northland Securities reissued a “buy” rating and issued a $55.00 price target on shares of PROS in a report on Friday. DA Davidson lifted their target price on PROS to $50.00 and gave the company a “neutral” rating in a research note on Thursday. Stifel Nicolaus raised PROS from a “hold” rating to a “buy” rating and lifted their target price for the company from $46.00 to $50.00 in a research note on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of PROS in a research note on Friday, May 10th. Finally, Nomura lifted their target price on PROS from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $52.20.

Shares of NYSE PRO opened at $52.95 on Monday. The company has a market capitalization of $1.96 billion, a P/E ratio of -48.58 and a beta of 1.27. PROS has a 12-month low of $28.18 and a 12-month high of $54.31. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.15.

PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. The business had revenue of $56.10 million for the quarter, compared to the consensus estimate of $54.66 million. PROS had a negative return on equity of 188.83% and a negative net margin of 30.36%. The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) EPS.

Institutional investors have recently made changes to their positions in the business. BB&T Corp raised its stake in PROS by 11.0% during the 4th quarter. BB&T Corp now owns 9,613 shares of the software maker’s stock valued at $302,000 after acquiring an additional 950 shares in the last quarter. Comerica Bank raised its stake in PROS by 41.4% during the 4th quarter. Comerica Bank now owns 58,555 shares of the software maker’s stock valued at $1,987,000 after acquiring an additional 17,152 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of PROS by 5.0% in the 3rd quarter. Teachers Advisors LLC now owns 61,473 shares of the software maker’s stock worth $2,153,000 after buying an additional 2,919 shares in the last quarter. Bronfman E.L. Rothschild L.P. bought a new stake in shares of PROS in the 4th quarter worth $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of PROS by 64.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,308 shares of the software maker’s stock worth $72,000 after buying an additional 908 shares in the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

About PROS

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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Earnings History and Estimates for PROS (NYSE:PRO)

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