Pros Holdings (PRO) Tops Q3 EPS by 6c, Revenues Beat; Offers FY18 Revenue Outlook Above Consensus

Pros Holdings (NYSE: PRO) reported Q3 EPS of ($0.13), $0.06 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $49.1 million versus the consensus estimate of $48.21 million.

• Subscription revenue up 51% year-over-year.
• Total revenue up 17% year-over-year.
• Free cash flow improvement of $7.2 million year-over-year.

CEO Andres Reiner stated, “We have strong momentum in our business and, in the first nine months of the year, we increased our deal volume by 34% as we continue to execute on our land-and-expand strategy. As companies across industries put commerce at the heart of their digital transformation strategies, we have an exceptional opportunity to grow and scale our business. We are seeing the market embrace our AI solutions, which contributed to our Q3 outperformance and gives us confidence to once again improve our growth outlook for the year.”

GUIDANCE:

Pros Holdings sees FY2018 revenue of $194.4-195.4 million, versus the consensus of $193.76 million.

For earnings history and earnings-related data on Pros Holdings (PRO) click here.

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