Pros Holdings (PRO) Tops Q1 EPS by 2c, Revenues Beat; Affirms 2Q & FY19 Revenue Guidance Above Consensus

Pros Holdings (NYSE: PRO) reported Q1 EPS of ($0.11), $0.02 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $56.1 million versus the consensus estimate of $54.66 million.

“I’m incredibly pleased with our strong start to 2019,” stated CEO Andres Reiner. “We are seeing a tailwind in our market as companies are creating strategic initiatives around AI and digital transformation. Our sales funnel is growing as companies are seeking out our AI solutions to transform how they sell in the digital economy, and our strong market momentum contributed to more than a 40% increase in year-over-year deal volume. The strength of our people and product strategy has positioned us exceptionally well to take advantage of the attractive market opportunity in front of us.”

GUIDANCE:

Pros Holdings sees Q2 2019 EPS of ($0.11)-($0.09), versus the consensus of ($0.12). Pros Holdings sees Q2 2019 revenue of $61-62 million, versus the consensus of $56.18 million.

Pros Holdings sees FY2019 revenue of $241-242 million, versus the consensus of $232.2 million.

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

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