PROS(US:PRO) ZACKSยท2024-07-31 00:06Core 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].