FY2022 EPS Estimates for Prosus Decreased by Analyst (OTCMKTS:PROSY)

Prosus (OTCMKTS:PROSY – Get Rating) – Research analysts at Jefferies Financial Group lowered their FY2022 EPS estimates for shares of Prosus in a research report issued to clients and investors on Tuesday, May 17th. Jefferies Financial Group analyst S. Patulea now expects that the company will earn $0.74 per share for the year, down from their previous estimate of $0.80. Jefferies Financial Group also issued estimates for Prosus’ FY2023 earnings at $0.76 EPS and FY2024 earnings at $0.75 EPS.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Prosus from a “hold” rating to a “sell” rating in a report on Friday, May 13th. Morgan Stanley reduced their price target on shares of Prosus from €122.00 ($127.08) to €110.00 ($114.58) in a research report on Thursday, March 24th. The Goldman Sachs Group assumed coverage on shares of Prosus in a report on Thursday, January 20th. They set a “buy” rating for the company. JPMorgan Chase & Co. raised Prosus from a “neutral” rating to an “overweight” rating in a research note on Tuesday. Finally, Credit Suisse Group dropped their target price on Prosus from €137.00 ($142.71) to €128.00 ($133.33) in a research report on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $87.08.

Shares of PROSY stock opened at $9.98 on Wednesday. Prosus has a 52-week low of $8.44 and a 52-week high of $21.33. The firm has a fifty day moving average of $10.24 and a 200-day moving average of $13.92.

Prosus Company Profile (Get Rating)

Prosus N.V. engages in the e-commerce and internet businesses. It operates internet platforms, such as classifieds, payments and fintech, food delivery, travel, education, etail, health, social, and other internet platforms. It has operations in the Americas, the Middle East, Africa, Central and Eastern Europe, and Asia.

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