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Pros Holdings (PRO)
NYSE:PRO
Holding PRO?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.13Last Year’s EPS
0.02Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 15.33%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance and product innovation. However, challenges remain in the travel industry, and the upcoming CEO transition introduces some uncertainty.Company Guidance
During the PROS Holdings third-quarter 2024 earnings call, the company provided robust financial guidance, reflecting a strong performance across key metrics. Subscription revenue for the quarter was reported at $67.1 million, representing a 12% year-over-year increase, while total revenue reached $82.7 million, marking a 7% growth compared to the previous year. The company also delivered an adjusted EBITDA of $9.3 million, showing a significant year-over-year improvement of 65%. Furthermore, PROS projected annual subscription revenue to be between $265.5 million and $266 million, suggesting a 14% growth at the midpoint. Adjusted EBITDA guidance for the year was raised to a range of $27.5 million to $28.5 million, indicating a 367% improvement from the prior year. Free cash flow is expected to be in the range of $21 million to $24 million, reflecting a 98% increase year-over-year at the midpoint. These projections underscore PROS' commitment to achieving sustainable and profitable growth amid a challenging macroeconomic environment.Subscription Revenue Growth
Subscription revenue grew by 12% year-over-year in Q3 2024.
Adjusted EBITDA Performance
The company delivered $9.3 million in adjusted EBITDA, exceeding guidance and showing a 65% improvement year-over-year.
Operational Efficiency
Year-to-date, there was a 448% improvement in adjusted EBITDA and a 217% improvement in free cash flow.
New Customer Wins and Expansions
Approximately 50% of Q3 bookings came from new logos, with significant expansions from existing customers like Lufthansa and BASF.
Product Innovation
Launch of an embedded AI agent in the Search Engine Marketing solution and Smart Rebate Management solution.
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PRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $19.38 | $20.85 | +7.59% |
| Jul 30, 2024 | $25.47 | $24.10 | -5.38% |
| May 07, 2024 | $32.97 | $30.56 | -7.31% |
| Feb 08, 2024 | $36.01 | $36.75 | +2.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pros Holdings (PRO) report earnings?
Pros Holdings (PRO) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Pros Holdings (PRO) earnings time?
Pros Holdings (PRO) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRO EPS forecast?
PRO EPS forecast for the fiscal quarter 2024 (Q4) is 0.13.
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