News

Pros Holdings (PRO) reported $77.48 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 9.2%. EPS of $0.02 for the same period compares to $0.02 a year ago.

The reported revenue represents a surprise of +1.08% over the Zacks Consensus Estimate of $76.66 million. With the consensus EPS estimate being $0.06, the EPS surprise was -66.67%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Pros Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue- Total subscription maintenance and support: $65.22 million compared to the $64.66 million average estimate based on four analysts. The reported number represents a change of +9.5% year over year.
• Revenue- Subscription: $60.76 million versus $60.33 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.
• Revenue- Maintenance and support: $4.46 million versus $4.33 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -30.5% change.
• Revenue- Services: $12.26 million versus the four-analyst average estimate of $11.98 million. The reported number represents a year-over-year change of +7.6%.

View all Key Company Metrics for Pros Holdings here>>>

Shares of Pros Holdings have returned +0.2% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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