Pros Holdings (PRO) has been beaten down lately with too much selling pressure. While the stock has lost 17.1% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator th ...

Pros Holdings (PRO) has been on a downward spiral lately with significant selling pressure. After declining 19.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a ...

Financial Data and Key Metrics Changes - In Q2, subscription revenue increased by 14% year-over-year to $65.6 million, while total revenue grew by 8% to $82 million, both exceeding guidance [8][98] - The company achieved a non-GAAP subscription gross margin of 80%, marking a 160 basis point improvement year-over-year [3][128] - Free cash flow reached $6.2 million in Q2, representing a nearly 200% year-over-year improvement [101] - Adjusted EBITDA improved by 554% year-over-year, with a significant increase of over $5 million compared to last year [93][130] Business Line Data and Key Metrics Changes - Services revenue was $13 million, down 3% year-over-year, attributed to a higher portion of subscription bookings related to expansions requiring less services [12] - Calculated billings in Q2 increased by 10% year-over-year, with expectations for Q3 growth to be at the lowest point of the year [99][128] Market Data and Key Metrics Changes - The company noted a shift in the split between new and existing customers, expecting a 40-60 split favoring existing customers in the back half of the year [36] - The travel segment is facing operational cost and supply chain challenges, impacting deal approval processes and sales cycles [88][147] Company Strategy and Development Direction - The company is focused on becoming a Rule of 40 Company, aiming for sustainable growth rates of 16% to 21% on revenue and 19% to 24% on free cash flow [9][116] - The PROS platform is being expanded globally, with significant partnerships, including with VFS, to drive pricing and sales excellence [5][10] - The company is investing in innovation, including a new generative AI data transformation solution, to enhance customer value and accelerate time to market [10][16] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the travel business, anticipating a lower growth rate in subscription revenue for Q3 due to prior accelerated recognitions [15][27] - The company remains optimistic about achieving its long-term goals despite current challenges in the airline industry [80][137] Other Important Information - The company exited Q2 with $149.1 million in cash and investments, net of the settlement of convertible notes [131] - The company is revising its full-year guidance, anticipating total revenue of $329 million to $331 million, representing 9% growth at the midpoint [132] Q&A Session Summary Question: What challenges are travel customers facing? - Management noted that airline customers are focused on getting their operations back in line and are seeking support to drive value with minimal investment [136][137] Question: How has the macro environment affected customer willingness to sign deals? - The selling environment remains difficult, with companies being cautious in their investments [147] Question: What is the expected split between new and existing customers? - The company expects a shift towards a 40-60 split favoring existing customers in the second half of the year [36] Question: How has the Microsoft partnership progressed? - The partnership has generated significant customer interest and is expected to translate into pipeline growth [118][123] Question: Were there any early renewals impacting expansion activity? - Most expansions were on time, with only a small number of early renewals, which is typical [125]

For the quarter ended June 2024, Pros Holdings (PRO) reported revenue of $82.01 million, up 8.2% over the same period last year. EPS came in at $0.07, compared to -$0.01 in the year-ago quarter. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how Pros Holdings performed in the just reported quarter in terms of t ...

Pros Holdings (PRO) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 250%. A quarter ago, it was expected that this pricing and revenue-management software maker would post earnings of $0.01 per share when it actually produced earnings of $0.04, delivering a surprise of 300%. Over the las ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 ___________________________________________________________________________ FORM 10-Q _________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ...

EXHIBIT 99.1 PROS HOLDINGS, INC. REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS HOUSTON – July 30, 2024 — PROS Holdings, Inc. (NYSE: PRO), a leading provider of AI-powered SaaS pricing, CPQ, revenue management, and digital offer marketing solutions, today announced financial results for the second quarter ended June 30, 2024. "We delivered a solid second quarter where we exceeded the high-end of our guidance ranges across all metrics," stated CEO Andres Reiner. "I am proud of our team for building the market ...

Pros Holdings (PRO) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. This pricing and revenue-management software maker is expected to post quarterly earnings of $0.02 per share in its upcoming report, which repres ...

Pros Holdings (PRO) has been on a downward spiral lately with significant selling pressure. After declining 11.4% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a ...

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and e ...