PROS Holdings Sees Q2 EPS 0.00-$0.02 Vs $0.03 Est.; Revenue $80.5M-$81.5M Vs $82.98M Est.; FY24 Revenue $332.5M-$334.5M Vs $333.66M Est.
Portfolio Pulse from Benzinga Newsdesk
PROS Holdings projects Q2 EPS between $0.00-$0.02, below the $0.03 estimate, with revenue expected to be $80.5M-$81.5M, missing the $82.98M forecast. For FY24, revenue is anticipated to be $332.5M-$334.5M, closely aligning with the $333.66M estimate. The company forecasts a 7% revenue increase in Q2 2024 compared to Q2 2023, and a 10% increase for the full year. Subscription revenue is expected to grow by 12-13%, with adjusted EBITDA and free cash flow also projected to increase.
May 07, 2024 | 10:23 pm
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NEGATIVE IMPACT
PROS Holdings projects lower Q2 EPS and revenue than expected but anticipates steady growth in FY24 revenue, subscription revenue, adjusted EBITDA, and free cash flow.
The short-term impact on PROS Holdings' stock (PRO) is likely negative due to the lower-than-expected Q2 EPS and revenue projections. However, the company's positive outlook for FY24, including growth in subscription revenue and improvements in adjusted EBITDA and free cash flow, may mitigate some of the negative sentiment. The importance rating is high because earnings projections are crucial for investor sentiment, but not at the maximum due to the positive growth outlook for FY24.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100