Pros Holdings (PRO) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 55.56%. A quarter ago, it was expected that this pricing and revenue-management software maker would post earnings of $0.02 per share when it actually produced earnings of $0.07, delivering a surprise of 250%. Over t ...

Wall Street expects flat earnings compared to the year-ago quarter on higher revenues when Pros Holdings (PRO) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Pros Holdings (PRO) has been beaten down lately with too much selling pressure. While the stock has lost 24.7% 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. Here is How to Spot 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 tha ...

A downtrend has been apparent in Pros Holdings (PRO) lately with too much selling pressure. The stock has declined 20.4% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...

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]

Core Viewpoint - Pros Holdings reported a revenue increase of 8.2% year-over-year for the quarter ended June 2024, with earnings per share (EPS) improving to $0.07 from a loss of $0.01 in the same quarter last year [1]. Revenue Performance - Total revenue for the quarter was $82.01 million, exceeding the Zacks Consensus Estimate of $81.18 million, resulting in a surprise of +1.02% [4]. - Subscription revenue was reported at $3.39 million, which was below the average estimate of $3.57 million, reflecting a year-over-year decline of -33.5% [3]. - Maintenance and support revenue reached $13.03 million, slightly below the average estimate of $13.27 million, indicating a year-over-year decrease of -2.7% [7]. - Total subscription maintenance and support revenue was $65.60 million, surpassing the average estimate of $64.35 million, with a year-over-year increase of +14.5% [8]. - Services revenue was reported at $68.99 million, exceeding the average estimate of $67.92 million, showing a year-over-year growth of +10.6% [6]. Earnings Performance - The company achieved an EPS of $0.07, significantly higher than the consensus EPS estimate of $0.02, resulting in an EPS surprise of +250.00% [4]. Stock Performance - Over the past month, shares of Pros Holdings have declined by -4.6%, contrasting with a +0.1% change in the Zacks S&P 500 composite [9]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [9].

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 ...